Question: At January 1 , 2 0 2 2 , Bramble Corp. has beginning inventory of 4 0 0 0 surfboards. Bramble estimates it will sell

At January 1,2022, Bramble Corp. has beginning inventory of 4000 surfboards. Bramble estimates it will sell 11000 units during the first quarter of 2022 with a 14% increase in sales each for the following quarters. Bramble'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 $175. What is the budgeted sales revenue for the third quarter of 2022?

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