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At January 1,2019, Swifty Corporation has beginning inventory of 1000 surfboards. Swifty estimates it will sell 8000 units during the first quarter of 2019 with

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At January 1,2019, Swifty Corporation has beginning inventory of 1000 surfboards. Swifty estimates it will sell 8000 units during the first quarter of 2019 with a 12% increase in sales each quarter. Swifty's policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each surfboard costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2019 ? $15052801537500$337500$10035.20

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