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At January 1, 2022, Vaughn Manufacturing has beginning inventory of 1500 surfboards. Vaughn estimates it will sell 11000 units during the first quarter of
At January 1, 2022, Vaughn Manufacturing has beginning inventory of 1500 surfboards. Vaughn estimates it will sell 11000 units during the first quarter of 2022 with a 12% increase in sales each for the following quarters. Vaughn's policy is to maintain an ending finished goods inventory equal to 25% of the next quarter's sales. Each surfboard costs $110 and is sold for $155. What is the budgeted sales revenue for the third quarter of 2022? O $13798 O $2138752 $484375 $2189375
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