#items Şunit cost $unit retail $total cost $total MU% retail Style 1 Style 2 Style 3 10 $66 45% 15 $45 52% In addition to the two styles mentioned about, the dress department plans to purchase another style (i.e. Style 3) of 12 dresses to retail at $60 each. If the average markup goal on the total merchandise including all the three styles of dresses is 53%, what is the maximum unit cost the department buyer can pay to each dress of this new purchase (i.e. style 3)?|

#items Şunit cost $unit retail $total cost $total MU% retail Style 1 Style 2 Style 3 10 $66 45% 15 $45 52% In addition to the two styles mentioned about, the dress department plans to purchase another style (i.e. Style 3) of 12 dresses to retail at $60 each. If the average markup goal on the total merchandise including all the three styles of dresses is 53%, what is the maximum unit cost the department buyer can pay to each dress of this new purchase (i.e. style 3)?|

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter5: Inventories And Cost Of Goods Sold

Section: Chapter Questions

Problem 5.4DC

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