Question
he children's department has an initial markup of 46%. Planned sales for May are $345,000, and $299,000 for June. The desired BOM stock to sales
he children's department has an initial markup of 46%. Planned sales for May are
$345,000, and $299,000 for June. The desired BOM stock to sales ratio for May is 2.7
and 2.1 for June. Planned markdowns are $35,000.
Calculate:
The planned purchases at retail and cost for May.
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Accounting
Authors: Peter J Eisen
6th Edition
143800138X, 978-1438001388
