Principles of Cost Accounting
17th Edition
ISBN: 9781305087408
Author: Edward J. Vanderbeck, Maria R. Mitchell
Publisher: Cengage Learning
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B5.
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At January 1, 2022, Sheridan, Inc. has beginning inventory of 4800 widgets. Sheridan estimates it will sell 48000 units during the first
quarter of 2022 with a 5% increase in sales each quarter. Sheridan's policy is to maintain an ending inventory equal to 10% of the next
quarter's sales. Each widget costs $3 and is sold for $4. How much is budgeted sales revenue for the third quarter of 2022?
$211680
O $192000
O $52920
$191040
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