The men's buyer has June sales of $895,000 and June markdowns of $340,000. June BOM is $2,080,000 and July BOM is $1,700,000. The on order for June is $935,000. Calculate the remaining OTB for June. Planned Actual Over/Under June BOM Stock $2,080,000 June Sales $895,000 June MDs $340,000 July BOM Stock $1,700,000 June receipts Planned On order $935,000 Over/Under

The men's buyer has June sales of $895,000 and June markdowns of $340,000. June BOM is $2,080,000 and July BOM is $1,700,000. The on order for June is $935,000. Calculate the remaining OTB for June. Planned Actual Over/Under June BOM Stock $2,080,000 June Sales $895,000 June MDs $340,000 July BOM Stock $1,700,000 June receipts Planned On order $935,000 Over/Under

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The men's buyer has June sales of $895,000 and June markdowns of $340,000. June BOM is $2,080,000 and July BOM
is $1,700,000. The on order for June is $935,000. Calculate the remaining OTB for June.
Planned
Actual
Over/Under
June BOM Stock
$2,080,000
$895,000
$340,000
$1,700,000
June Sales
June MDs
July BOM Stock
June receipts
Planned
On order
Over/Under
$935,000

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