Retailing 8th Edition by Patrick Dunne,Robert Lusch, James Carver

Exercise 13

What are the differences between the four methods of dollar-merchandise planning used to determine the proper inventory stock levels needed to begin a merchandise selling period
The Corner Hardware Store is attempting to develop a merchandise budget for the next 12 months. To assist in this process, the following data have been developed. The target inventory turnover is 4.8, and forecast sales are:

Develop a monthly merchandise budget using the basic stock and percentage variation methods.