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At the beginning of the year, Blossom had beginning inventory of 2480 scooters. Blossom estimates it will sell 6200 units during the first quarter of
At the beginning of the year, Blossom had beginning inventory of 2480 scooters. Blossom estimates it will sell 6200 units during the first quarter of the current year, with a 10% increase in sales each quarter. It is Blossoms policy to maintain an ending inventory equal to 20% of the next quarters budgeted sales. Each scooter costs $124 to produce and sold for $186. How much is the budgeted sales revenue for the third quarter of the current year?
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