B 1 Tab 8 2 Traditional & Contribution Format Income Statements 3 Given: 4 Number of Units Sold 20,000 Inventory 5 Selling Price Per Unit 30 bb 6 Variable selling expenses per unit 4 purch COGS 7 Variable admin expense per unit 2 eb 8 Total fixed selling expense 40,000 9 Total fixed admin expense 30,000 Inventory 10 Merchandise inventory, beg balance 24,000 24000 11 Merchandise inventory, ending balance 44,000 1800001?? 12 Merchandise Purchases 180,000 44000 13 14 Prepare a traditional income statement and a contribution margin income statement. 15 16 17