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Explain how to solve please!! Your answer is correct. At January 1, 2022, Deer Corp. has beginning inventory of 2000 surfboards. Deer estimates it will
Explain how to solve please!!
Your answer is correct. At January 1, 2022, Deer Corp. has beginning inventory of 2000 surfboards. Deer estimates it will sell 10000 units during the first quarter of 2022 with a 12% increase in sales each for the following quarters. Deer's policy is to maintain an ending finished goods inventory equal to 25% of the next quarter's sales. Each surfboard costs $100 and is sold for $150. What is the budgeted sales revenue for the third quarter of 2022 ? $12544$450000$1881600$1950000Step by Step Solution
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