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can you help me with this :O Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold Selling price per
can you help me with this :O
Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise Inventory Merchandise purchases 11,000 17 $21,00e $ 15,000 $ 10,000 $ 22,800 $ 85,00e Required 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Answer is not complete Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare a traditional income statement. Cherokee, Inc. Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses 87,000 73,000 114,000 Selling expenses Administrative expenses S 11,000 11,000 22,000Step by Step Solution
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