Develop a merchandise plan on the basis of the information that follows. Sales for the six$-$month spring$-$summer season have been planned to total $$650,000.$ Markdowns for the total season are to be $22\mathrm{.}0\%$ of planned sales, and season's turnover should be $1\mathrm{.}9.$ BOM inventory values are to be planned by the basic stock method. In this problem, ending inventory will be the same as the average inventory.

Develop a merchandise plan on the basis of the information that follows. Sales for the six$-$month springsummer season have been planned to total $$650,000.$ Markdowns for the total season are to be $22\mathrm{.}0\%$ of planned sales, and season's turnover should be $1\mathrm{.}9.$ BOM inventory values are to be planned by the basic stock method. In this problem, ending inventory will be the same as the average inventory. $($A merchandise plan form is provided to complete the problem.$)$

$\backslash$table$[[$Month$,\%$ of Season's Sales,$\%$ of Season's Markdowns$],[$February$,15\mathrm{.}5,15],[$March$,17\mathrm{.}5,12],[$April$,19\mathrm{.}0,19],[$May$,18\mathrm{.}0,16],[$June$,15\mathrm{.}5,18],[$July$,14\mathrm{.}5,20]]$

$($a$)$ Total sales for the season are $$650,000.$ Determine sales for each month.

$($b$)$ Calculate total $ markdowns and allocate markdowns to each month on the basis of the percentages given.

$($c$)$ Using the basic stock method, calculate BOM inventory values for each month.

$($d$)$ Enter the EOM inventory values on the form. July's ending inventory has been given as the average inventory.

$($e$)$ Calculate planned purchases at retail.

$($f$)$ Calculate initial markup percent needed, given the following information:

$\backslash$table$[[$Markdowns$,22\mathrm{.}0\%$