At the beginning of the year, Oriole had beginning inventory of 2200 scooters. Oriole estimates it will sell 5500 units
Posted: Thu Apr 28, 2022 11:19 am
At the beginning of the year, Oriole had beginning
inventory of 2200 scooters. Oriole estimates it
will sell 5500 units during the first quarter of the
current year, with a 10% increase in sales each quarter. It
is Oriole’s policy to maintain an ending inventory equal
to 20% of the next quarter’s budgeted sales. Each scooter
costs $110 to produce and sold for $165. How much is the
budgeted sales revenue for the third quarter of the current
year?
A. $998250.
B. $1098075.
C. $732050.
D. $605000.
inventory of 2200 scooters. Oriole estimates it
will sell 5500 units during the first quarter of the
current year, with a 10% increase in sales each quarter. It
is Oriole’s policy to maintain an ending inventory equal
to 20% of the next quarter’s budgeted sales. Each scooter
costs $110 to produce and sold for $165. How much is the
budgeted sales revenue for the third quarter of the current
year?
A. $998250.
B. $1098075.
C. $732050.
D. $605000.