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The following was for the Summer quarter for the hosiery department. Markup for the quarter was 66.0%. Determine: Sales BOM Inv. GM $ April $15,500
The following was for the Summer quarter for the hosiery department. Markup for the quarter was 66.0%. Determine: Sales BOM Inv. GM $ April $15,500 $86,000 $7,825 May $17,500 $89,500 $8,950 June $12,200 $79,000 $5,950 End of June $77,000 Total sales for the quarter Average inventory for the quarter Average inventory at cost for the quarter Total GM $ for the quarter GM % for the quarter Stock turn rate for the quarter GMROI for the quarter
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