Question

Find the February Book Inventory for the infants department given the following information: January BOM  &nb...

Find the February Book Inventory for the infants department given the following information:

  • January BOM                        $215,480
  • January Sales                     $26,675
  • January Markdowns         $24,485
  • January Receipts             $48,500
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Answer #1

January BOM $ 215,480
(+) January receipts $ 48,500
(-) January Sales ($ 26,675)
(-) January Markdowns ($ 24,485)

February Book Inventory= $ 212,820

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