Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold 20,000...

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Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold 20,000 Selling price per unit $30 Variable selling expense per unit $4 Variable administrative expense per unit $2 Total fixed selling expense $40,000 Total fixed administrative expense $30,000 Beginning merchandise inventory $24,000 Ending merchandise inventory $44,000 Merchandise purchases $180,000 Page Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold 20,000 Selling price per unit $30 Variable selling expense per unit $4 Variable administrative expense per unit $2 Total fixed selling expense $40,000 Total fixed administrative expense $30,000 Beginning merchandise inventory $24,000 Ending merchandise inventory $44,000 Merchandise purchases $180,000 Page