The small leather goods department had planned the following figures for the Fall season: Planned total sales for season...

Question

Question

The small leather goods department had planned the following figures for the Fall season:

Planned total sales for season: $102,000

Planned turnover for season: 2.0

Planned sales for November: $26,000

Calculate the November BOM figure for this department using the basic stock method.

business accounting

Answer 1

Answer #1

Average monthly sales = 102,000/6 months = 17,000

Average inventory = 102,000/2 = 51,000

November BOM = (51,000-17,000)+ Nov planned sales 26,000

= 34,000 + 26,000

= 60,000

Answer 2

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