LAB 8 - Lab Assignment 8 Please complete the following case...

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Lab Assignment 8 Please complete the following case study in Microsoft Word and submit to Moodle prior to you next lab period. Case Study: Retail Method of Inventory Two years ago, Ms. Carol, the misses’ sportswear buyer, agreed with management that a separate petite sportswear department should be created. Because of increasing sales she felt the petite sportswear department had outgrown its status as a classification and deserved, in its own right, to become a separate department. Ms. Carol continued as the buyer for the newly created department, and with her enthusiastic and skillful attention, the impressive sales increases continued for the first year. The second year, however, the sales increases were minute. Ms. Carol now questioned if the category should remain a department or again be incorporated into the misses sportswear department. To make an appropriate judgment, she requested the following data for analysis. The department had an opening inventory of $750,000 at retail that carried a 53% markup. During this
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This note was uploaded on 02/14/2012 for the course HUEC 3043 taught by Professor Freeman during the Fall '10 term at LSU.

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LAB 8 - Lab Assignment 8 Please complete the following case...

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