during july, first avenue plans sales of $112000 with markdowns of 2200 and discounts of $1100. The merchandising plan calls for a beginning inventory of $41000 and a closing inventory of $50000. What is First avenue's open to b uy at cost, if the initial markup percentage is 50%?

Answer rating: 100% (QA)

To calculate First Avenues opentobuy at cost we need to consider the planned sales markdowns discounts beginning inventory closing inventory and the i... View the full answer