At the beginning of the year, Blossom had beginning inventory of 2480 scooters. Blossom estimates it will sell 6200 unit

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answerhappygod
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At the beginning of the year, Blossom had beginning inventory of 2480 scooters. Blossom estimates it will sell 6200 unit

Post by answerhappygod »

At the beginning of the year, Blossom had beginning inventory of
2480 scooters. Blossom estimates it will sell 6200 units during the
first quarter of the current year, with a 10% increase in sales
each quarter. It is Blossom’s policy to maintain an ending
inventory equal to 20% of the next quarter’s budgeted sales. Each
scooter costs $124 to produce and sold for $186. How much is the
budgeted sales revenue for the third quarter of the current
year?
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