The men’s pant department has Fall season planned sales of $1,458,000 and a planned seasonal turnover...
The men’s pant department has Fall season planned sales of $1,458,000 and a planned seasonal turnover of 1.08. October sales are planned at $242,900. Calculate the amount of stock to be carried for October using the basic stock method.
Homework Answers
Compute the stock carried in October, using the equation as shown below:
Stock = October sales*Seasonal turnover
= $242,900*1.08
= $262,332
Hence, the stock carried in October is $262,332.
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