Business, 27.01.2021 20:30, DesperatforanA
Cherokee Inc. is a merchandiser that provided the following information:
Amount
Number of units sold 12,000
Selling price per unit $16
Variable selling expense per unit $2
Variable administrative expense per unit $2
Total fixed selling expense $21,000
Total fixed administrative expense $13,000
Beginning merchandise inventory $10,000
Ending merchandise inventory $22,000
Merchandise purchases $87,000
Required:
a. Prepare a traditional income statement.
b. Prepare a contribution format income statement
Answers: 1
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Answers: 2
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Cherokee Inc. is a merchandiser that provided the following information:
Amount
Number of un...
Number of un...
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