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#items Şunit cost $unit retail $total cost $total MU% retail Style 1 Style 2 Style 3 10 $66 45% 15 $45 52% In addition to the two styles mentioned about, the dress department plans to purchase another style (i.e. Style 3) of 12 dresses to retail at $60 each. If the average markup goal on the total merchandise including all the three styles of dresses is 53%, what is the maximum unit cost the department buyer can pay to each dress of this new purchase (i.e. style 3)?|

#items Şunit cost $unit retail $total cost $total MU% retail Style 1 Style 2 Style 3 10 $66 45% 15 $45 52% In addition to the two styles mentioned about, the dress department plans to purchase another style (i.e. Style 3) of 12 dresses to retail at $60 each. If the average markup goal on the total merchandise including all the three styles of dresses is 53%, what is the maximum unit cost the department buyer can pay to each dress of this new purchase (i.e. style 3)?|

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter5: Inventories And Cost Of Goods Sold
Section: Chapter Questions
Problem 5.4DC
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#items $unit cost $unit retail $total cost $total MU% retail Style 1 Style 2 Style 3 $66 $45 10 45% 15 52% In addition to the two styles mentioned about, the dress department plans to purchase another style (i.e. Style 3) of 12 dresses to retail at $60 each. If the average markup goal on the total merchandise including all the three styles of dresses is 53%, what is the maximum unit cost the department buyer can pay to each dress of this new purchase (i.e. style 3)?
Transcribed Image Text:#items $unit cost $unit retail $total cost $total MU% retail Style 1 Style 2 Style 3 $66 $45 10 45% 15 52% In addition to the two styles mentioned about, the dress department plans to purchase another style (i.e. Style 3) of 12 dresses to retail at $60 each. If the average markup goal on the total merchandise including all the three styles of dresses is 53%, what is the maximum unit cost the department buyer can pay to each dress of this new purchase (i.e. style 3)?
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