1: Junior dresses had an opening inventory of $36,000 at retail. Net sales for the period were $12,389. If the closing inventory were $37,000, what was the rate of stock turnover for the period?

2: At the beginning of November, childrens toys had a retail stock of $148,270. Sales for the month were $40,510. What was the stock-sales ratio for November?

3: Planned sales in the costume jewelry department for May are $86,000, and the planned stock-sales ratio is 3.6. On May 1, how much stock should be on hand?

4: A department has a planned stock turnover of 4.3 and planned sales of $451,000 for a six-month period. April sales are estimated at $68,000 and May sales at $72,000. Using the basic stock method, determine the BOM stock for April and the BOM stock for May.

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