Six-MONTH PLANS 223 Chapter 8 Review Exercise A Complete the blank six-month plan form using the following data and rounding to the nearest whole dollar: Sales for the six-month period beginning in August are planned at $350,000 and total markdowns during the period are planned at 18%. The department utilizes the basic stock method for planning BOM stock levels and the average stock figure will be used as the ending inventory figure and expects a turnover rate of 3.o. MONTH % SALES BY MONTH % MARKDOWNS BY MONTH August 14% 18% September October 20% 20% 15% 12% November 15% December 17% 23% 19% January 11% 16% a. Calculate planned sales by month b. Calculate total planned markdown dollars c. Calculate planned markdowns by month d. Calculate planned BOM stock levels e. Calculate average stock f. Calculate planned purchases by month (at retail) g. Calculate the initial markup percentage and gross margin percentage given the following: Operating Expenses - 30% Planned Profit = 5% Cash Discounts - 2% h. Calculate planned GMROLL