WHICH IS CORRECT ANSWERWILL TIP IF ANSWERED WITH IN 15 MINSAt January 1 2006 Stuart Corporation has beginning inventory of 4 000 widgets. Stuart Corporation estimates it will sell 35 000 units during the first quarter of 2006 with a 10% increase in sales each quarter. Stuart Corporation has a policy to maintain an ending inventory equal to 25% of the next quarter’s sales. Each widget costs $1 and is sold for $1.50. How much is budgeted sales revenue for the third quarter of 2006?$42 350$57 525$63 525$63 000
