Find the February Book Inventory for the infants department given the following information:
January BOM $ 215,480
(+) January receipts $ 48,500
(-) January Sales ($ 26,675)
(-) January Markdowns ($ 24,485)
February Book Inventory= $ 212,820
Find the February Book Inventory for the infants department given the following information: January BOM &nb...
Calculate the February book BOM for the shoe department if: January sales are $688,000 January markdowns are 75.0% January receipts are $1,155,000 January returns to vendor are $136,000 January BOM is $2,956,000
If a physical inventory was taken in January and the actual inventory is $209,400, is there a shortage or overage and by how much in dollars? Net sales for the year is $153,800. January BOM $215,480 January Sales $26,675 January Markdowns $24,485 January Receipts $48,500
If a physical inventory was taken in January and the actual inventory is $209,400. Net sales for the year is $153,800. What is the shortage or overage percentage? January BOM $215,480 January Sales $26,675 January Markdowns $24,485 January Receipts $48,500
5. An open-to-buy report was prepared on January 15. The following information was provided: January BOM January EOM January sales January markdowns January 5-12 purchases received January outstanding orders Determine the January ОTB. $ 86,000 $104,000 $ 52,000 $ 10,500 $ 11,000 $ 6,000 With the amount of merchandise on order, and noting that this open to buy has been prepared on the 15th, what concerns might a buyer face after reviewing these figures?
17. The stationery and greeting cards department was given the following data to use in developing a merchandise plan for the spring season (3 months season): Planned sales for the season $120,000 April 30 inventory 80,000 Initial markup percent 53.5% % of Season’s BOM Stock Sales Markdowns Month Sales Ratio % February 42% 2.9 12% March 33% 3.4 15% April 25% 3.5 17% Calculate: (a) Monthly planned sales (b) BOM stocks (c) Monthly markdowns $ (d) Season total markdown $...
16. 2 Calculate the closing book inventory given the following information: Retail opening inventory $150,000.00 gross purchases $125,000.00 returns to vendors $20,000.00 net purchases transfers in $35,000.00 transfers out $10,000.00 additional markup $2,000.00 total merch handled net sales $112,000.00 markdowns $18,000.00 markdown cancellations $3,000.00 employee discounts $3,000.00 total retail deductions closing book inventory
2. Find the planned June open-to-buy dollars for the activewear department if: a. June sales $135,050 (2 points) -OTB= Plannec sales + Planned mark downst Planned EOM Inventory- Planned BOM Inventory - Markdown'7 = Markdown dollars / Sales -Markdown dollars-Sales x Markdlown) June markdowns are 42.0% June BOM is $519,425 July BOM is $415,540 b. If orders have been placed for June in the amount of $93,900 at retail, is there a balance left to spend and by how much?...
7. Calculate the July closing book inventory for Boys' 4-7 at retail given the following Opening book inventory Net sales $98,000 $16,000 $4,500 $27,500 $3,000 Markdowns Purchases Returns to vendor
Retail Inventory Method The following data were available from Hegge Department Store's records for the year ended December 31, 2019: Merchandise inventory, January 1, 2019 Purchases At Cost At Retail $90,000 $150,000 351,000 470,000 10,000 50,000 500,000 Markups Markdowns Sales Required: Using the retail method, what is the estimate of the merchandise inventory at December 31, 2019, valued at the lower of cost or market? Round the cost-to-retail ratio to three decimal places. HEGGE DEPARTMENT STORE Calculation of ending inventory...
Required information LeMay Department Store uses the retail inventory method to estimate ending inventory for its monthly financial statements. The following data pertain to one of its largest departments for the month of March 2021: Cost Retail Beginning inventory $ 48,000 $ 68,000 Purchases 215,000 408,000 Freight-in 26,194 Purchase returns 8,000 6,000 Net markups 6,600 Net markdowns 4,300 Normal breakage 6,000 Net sales 288,000 Employee discounts 2,600 Sales are recorded net of employee discount