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Complete a merchandise plan for Linens and Domestics based on the following data: Planned net sales $98,000 Markup 41.90% Stock turnover 1.8 Operating expenses 39.20%

Complete a merchandise plan for Linens and Domestics based on the following data: Planned net sales $98,000

Markup 41.90%

Stock turnover 1.8

Operating expenses 39.20%

Planned profit 4.00%

Cash discounts 1.30%

Markdowns 9.10%

Shortages 0.70%

Maintained markup 41.90%

SalesReductions
February12%13%
March13%15%
April15%12%
May19%21%
June21%19%
July20%20%

Determine the BOM stocks for each month.

 

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