How much is budgeted sales revenue for the third quarter

Reference no: EM133662504

Question: At January 1, 2019, Brick Corp. has beginning inventory of 2,000 bricks. Brick estimates it will sell 10,000 units during the first quarter of 2019 with a 12% increase in sales each quarter. Brick's policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each brick costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2019?

Reference no: EM133662504

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