Determine the OTB or Overbought situation for October given the following: Stock on hand, October 1 =
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Question:
Determine the OTB or Overbought situation for October given the following:
Stock on hand, October 1 = $122,000
Stock on order = $16,200
Planned BOM stock for November 1 = $124,000
Planned sales for the month = $59,500
Planned markdowns for October = $2,380
OTB = $47,680 | ||
OTB = $380 | ||
OTB = $55,120 | ||
They buyer is overbought by $11,820 |
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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