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At January 1, 2022, Sheridan, Inc. has beginning inventory of 3900 surfboards. Sheridan estimates it will sell 15100 units during the rst quarter of 2022

At January 1, 2022, Sheridan, Inc. has beginning inventory of 3900 surfboards. Sheridan estimates it will sell 15100 units during the rst quarter of 2022 with a 10% increase in sales each quarter. Sheridans policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each surfboard costs $170 and is sold for $200. How much is budgeted sales revenue for the third quarter of 2022? $755000 $18271 $3654200 $3020000

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