Opening inventory for the sleep department is $200.0. Purchases for the period were $600.0. Net sales were $500.0. Markdowns were $50.0. Claims were $80.0 and employee discounts were $5.0. What is the EOM (End of Month Inventory) for this period? What is the BOM (Beginning of Month Inventory) for the next period?

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To calculate the End of Month EOM inventory we need to consider the begi... View the full answer