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S. The following is the 1st quarter information for the Misses sportswear department: GM S...

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Accounting

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S. The following is the 1st quarter information for the Misses sportswear department: GM S BOM Inventory Sales $508,000 $1,135,000 $7,600,000 $1,440,000 $8,150,000 $1,360,000 $7,990,000 February $580,000 March $572.000 April May MU % for the quarter is 62.4% $7,840,000 Find: a. Total sales for the quarter (2 points) = Febryary sales + March Sales+ April sales = I, 135 000 +1,140,000 + 1,360, 000 = 83,935,000 b. Average inventory for the quarter (2 points) = (beginning inventory t ending Inventory) =2 = (7, 600,000 + 7,840,000) = 2 %3D %3D = 17,720,000 c. Average inventory at cost for the quarter (2 points) The inventory is BOM & i will be at cOst only, so it will renain the same = $ 7,720,00O %3D d. Total GM S for the quarter (2 points) = February GM+March GM+April GM= 508,000 + 580,000 + 572,000 = 1,660,000 urnover for the quarter (2 points) GMROI for the quarter (2 points) g. GM % for the quarter (2 points)

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