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Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold 11, 000 Selling price per unit 16 Variable selling expense

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Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold 11, 000 Selling price per unit 16 Variable selling expense per unit 2 Variable administrative expense per unit TA TA TA TA tA 1 Total fixed selling expense 20 , 000 k Total fixed administrative expense 14, 000 Beginning merchandise inventory $ 11, 000 Ending merchandise inventory $ 23, 000 Merchandise purchases $ 90,000 nt

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