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At January 1, 2022, Sheridan, Inc. has beginning inventory of 4800 widgets. Sheridan estimates it will sell 48000 units during the first quarter of 2022

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At January 1, 2022, Sheridan, Inc. has beginning inventory of 4800 widgets. Sheridan estimates it will sell 48000 units during the first quarter of 2022 with a 5% increase in sales each quarter. Sheridan's policy is to maintain an ending inventory equal to 10% of the next quarter's sales. Each widget costs $3 and is sold for $4. How much is budgeted sales revenue for the third quarter of 2022 ? $211680$192000$52920$191040

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