1. Pick one retail category

a. Womens boutique

b. Mens Specialty

c. Childrens boutique

2. Pick one total sales for the year

a. $356,000

b. $425,000

c. $430,000

d. $390,000

3. Choose a turnover rate

a. 3.8

b. 3.5

c. 3.7

d. 3.6

4. Choose a MU %

a. 55%

b. 60%

c. 65%

d. 50%

5. Define your five product categories

6. Determine your four price points for each category

7. Determine your % of sales for each price point

8. Calculate your average retail price

9. Calculated your average cost.

10. Determine your % of Planned Sales for each category

11. Calculate the dollar allocation for each category based off % of Planned Sales

12. Calculate the number of pieces that will be allocated to each category

Chapter 6 Assignment

1. Pick one retail category

a. Womens boutique

b. Mens Specialty

c. Childrens boutique

2. Pick one total sales for the year

a. $356,000

b. $425,000

c. $430,000

d. $390,000

3. Choose a turnover rate

a. 3.8

b. 3.5

c. 3.7

d. 3.6

4. Choose a MU %

a. 55%

b. 60%

c. 65%

d. 50%

5. Define your five product categories

6. Determine your four price points for each category

7. Determine your % of sales for each price point

8. Calculate your average retail price

9. Calculated your average cost.

10. Determine your % of Planned Sales for each category

11. Calculate the dollar allocation for each category based off % of Planned Sales

12. Calculate the number of pieces that will be allocated to each category

Womens boutique

Sales for the year:

$390,000

Turnover rate:

3.6

Markup %:

50%

Define your five product categories

Tops

Bottoms

Jackets

Dresses

Shoes

6. Determine your four price points for each category

$20, $40, $50, $30

7. Determine your % of sales for each price point

8. Calculate your average retail price

9. Calculated your average cost.

10. Determine your % of Planned Sales for each category

11. Calculate the dollar allocation for each category based off % of Planned Sales

12. Calculate the number of pieces that will be allocated to each category

TABLE 6.2 OEPNING INVENTORY PLAN (Blank) AVG. % PRICE #PC./PRICE PLANNED TOTAL COST PT. PT. % COST AVG. RETAIL CATEGORY ACTUAL PC. . COST . RETAIL Wgt. Avg. TOTAL Wgt. Avg. TOTAL Wgt. Avg. TOTAL Wgt. Avg. TOTAL Wgt. Avg. TOTAL GRAND TOTAL TABLE 6.2 OEPNING INVENTORY PLAN (Blank) AVG. % PRICE #PC./PRICE PLANNED TOTAL COST PT. PT. % COST AVG. RETAIL CATEGORY ACTUAL PC. . COST . RETAIL Wgt. Avg. TOTAL Wgt. Avg. TOTAL Wgt. Avg. TOTAL Wgt. Avg. TOTAL Wgt. Avg. TOTAL GRAND TOTAL