PLEASE SHOW WORK AND CALCULATIONS!

Calculate monthly planned purchases at retail and at cost for the men's clothing department if the planned total fall-winter season's sales are $860,000. (Use the merchandise plan form provided.) Total markdowns for the season are planned at 14.6% of the season's sales. January's EOM inventory is planned at $510,000. Initial markup percent is planned at 52%. Spreadsheet 8-19 Chapter 8 Instructor Supplement Solution to Summary Problem \#19 \begin{tabular}{|l|c|} \hline Initial Markup \% & \multicolumn{2}{c}{ na } \\ \hline Turnover & \#DIV/0! \\ \hline Average Inventory & \multicolumn{2}{|}{$0} \\ \hline Basic Stock & na \\ \hline \end{tabular} Calculate monthly planned purchases at retail and at cost for the men's clothing department if the planned total fall-winter season's sales are $860,000. (Use the merchandise plan form provided.) Total markdowns for the season are planned at 14.6% of the season's sales. January's EOM inventory is planned at $510,000. Initial markup percent is planned at 52%. Spreadsheet 8-19 Chapter 8 Instructor Supplement Solution to Summary Problem \#19 \begin{tabular}{|l|c|} \hline Initial Markup \% & \multicolumn{2}{c}{ na } \\ \hline Turnover & \#DIV/0! \\ \hline Average Inventory & \multicolumn{2}{|}{$0} \\ \hline Basic Stock & na \\ \hline \end{tabular}