What do I do to develop a monthly merchandise budget?

What do I do to develop a monthly merchandise budget using the basic stock method (BSM) and the percentage variation method (PVM) with the below data:

My company CSH 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 (Month/Forecast Sales):

Jan./$27,000; Feb./$26,000; Mar./$20,000; Apr./$ 34,000; May/$41,000; Jun./$40,000
Jul./$28,000; Aug./$27,000; Sep./$38,000; Oct./$39,000; Nov./$26,000; Dec./$28,000
Max22d
Asked Dec 05, 2013
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Maydi
Answered Dec 06, 2013

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