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At January 1, 2022, Sheridan, Inc. has beginning inventory of 3900 surfboards. Sheridan estimates it...

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Accounting

At January 1, 2022, Sheridan, Inc. has beginning inventory of 3900 surfboards. Sheridan estimates it will sell 15100 units during the rst quarter of 2022 with a 10% increase in sales each quarter. Sheridans policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each surfboard costs $170 and is sold for $200. How much is budgeted sales revenue for the third quarter of 2022? $755000 $18271 $3654200 $3020000

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