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At the beginning of the year, Oriole had beginning inventory of 2200 scooters. Oriole estimates it will sell 5500 units during the first quarter of
At the beginning of the year, Oriole had beginning inventory of 2200 scooters. Oriole estimates it will sell 5500 units during the first quarter of the current year, with a 10% increase in sales each quarter. It is Orioles policy to maintain an ending inventory equal to 20% of the next quarters budgeted sales. Each scooter costs $110 to produce and sold for $165. How much is the budgeted sales revenue for the third quarter of the current year?
A. $998250.
B. $1098075.
C. $732050.
D. $605000.
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