Question
Use these numbers for the fall season: Sales Beginning inventory GM$ August $10,500 $58,000 $5,600 September $11,900 $66,000 $6,800 October $11,000 $62,000 $5,900 November $12,600
- Use these numbers for the fall season:
Sales Beginning inventory GM$
August $10,500 $58,000 $5,600
September $11,900 $66,000 $6,800
October $11,000 $62,000 $5,900
November $12,600 $72,000 $7,200
December $14,800 $80,000 $7,700
January $9,500 $52,000 $7,700
January end $60,000
MU % for the season is 61.7%.
Find:
- Total sales for the season.
- Average inventory for the season.
- Average inventory at cost for the season.
- Total GM$ for the season.
- Turn for the season.
- GMROI for the season.
- GM % for the season.
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
