1. O&A Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit Beginning Merchandise Inventory Ending Merchandise Inventory Merchandise Purchased Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total fixed administrative expense 3,850 339 631,500 550,000 450,000 27 77,900 12 185,200 Prepare a contribution format income statement for July. How much is the cost of goods sold