URTARU TALU Assignment Gradebook ORION Downloadable eTextbook ent CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Multiple Choice Question 89 At January 1, 2016, Crane Company has beginning inventory of 3500 surfboards. Crane estimates it will sell 7000 units during the first quarter of 2016 with a 12% Increase in sales each quarter. Crane'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 2016? 1443750 $393750 $8780.80 O $1317120 Question Attempts: 0 of 1 used