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How much is budgeted sales revenue for the third quarter

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Problem 1: At January 1, 2020, Vaughn, Inc. has beginning inventory of 10300 boogie boards. Vaughn estimates it will sell 7700 units during the first quarter of 2020 with a 7% increase in sales each quarter. Vaughn's policy is to maintain an ending inventory equal to 13% of the next quarter's sales. Each surfboard costs $100 and is sold for $130. How much is budgeted sales revenue for the third quarter of 2020?

Reference no: EM132793960

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