PROBLEM Last year's sales for the 6-month period, from February to July, were $600,000. A 5% increase in sales is anticipated this year. Total markdown for the period are planned at 8 %. The markup is planned at 52 %. The buyer desires an ending inventory (EOM of Jul) of $200,000 for the period. Based on an analysis of past sales records and current market trends, the buyer has also made plans for the period in relation to (1) monthly distribution of sales, (2) monthly stock- to-sales ratios, and (3) monthly distribution of planned markdowns. These three planning estimates for each month are as follows: Stock-to-Sales Ratio Month Feb Markdowns Distribution 5% 5% Mar Apr Sales Distribution 10% 10% 35% 20% 15% 10% May 10% 20% 30% 30% June July Fill out the shaded areas in the table. Last Year Sales % Planned Sales Increase Planned Sales for Season ($) Planned EOM of JULY ($) Planned Markup % Planned Markdowns % Planned Markdowns for Season (S) - MAR APR MAY JUNE JULY Sales Distribution (%) Stock-Sales Ratio Markdowns Distribution (%) PLANNED MONTHLY SALES (5) PLANNED MONTHLY BOM (S) PLANNED MONTHLY EOM ($) PLANNED MONTHLY MARKDOWNS ($) PLANNED PURCHASES AT RETAIL (5) PLANNED PURCHASES AT COST($)