answer to number B. only please 2. Find the May open-to-buy dollars for activewear given the following information:a. May sales $820,000May markdowns 45.0%May BOM $2,830,000June BOM $2,500,000b. If orders have been placed for $788,000 at retail, is there a balance left to spend and how much is left?

Open to buy is a technique that helps to decide the amount of merchandise that a retailer can buy…

Answered: answer to number B. only please

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Finance

answer to number B. only please

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 11RE: Johnson Corporation had beginning inventory of 20,000 at cost and 35,000 at retail. During the year,...

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