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

At January 1,2022, Jake, Inc. has beginning inventory of 4000 surfboards. Jake estimates it will sell 15000 units during the first quarter of 2022 with a 10% increase in sales each quarter. Jake's policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each surfboard costs $200 and is sold for $250.
a). How many units should Jake produce during the first quarter of 2022?
b). How much is budgeted sales revenue for the third quarter of 2022?

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