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At January 1, 2020, Swifty Inc. has beginning inventory of 4400 surfboards. Swifty estimates it will...

At January 1, 2020, Swifty Inc. has beginning inventory of 4400 surfboards. Swifty estimates it will sell 16200 units during the first quarter of 2020 with a 10% increase in sales each quarter. Swifty’s policy is to maintain an ending inventory equal to 25% of the next quarter’s sales. Each surfboard costs $150 and is sold for $220. How much is budgeted sales revenue for the third quarter of 2020?

A.$19602

B.$4312440

C.$980100

D.$3564000

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