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A buyer had an inventory on March 1 of $25,000 and a planned EOM stock of $30,000. As of March 1, the buyer had merchandise
- A buyer had an inventory on March 1 of $25,000 and a planned EOM stock of $30,000. As of March 1, the buyer had merchandise on order of $12,500 at retail to be delivered during the month. Planned markdowns for the month were $1,900, and planned sales were $20,000. The planned initial markup was 48%. Find the buyer's OTB for the month at retail and at cost.
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
