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At January 1, 2019, Concord Corporation has beginning inventory of 4000 surfboards. Concord estimates it...

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Accounting

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At January 1, 2019, Concord Corporation has beginning inventory of 4000 surfboards. Concord estimates it will sell 8000 units during the first quarter of 2019 with a 12% increase in sales each quarter. Concord'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? $450000 $10035.20 1650000 $1505280

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