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Cherokee Incorporated is a merchandiser that provided Amount Number of units sold 11,000 Selling price per unit $ 17 Variable selling expense per unit $
Cherokee Incorporated is a merchandiser that provided Amount Number of units sold 11,000 Selling price per unit $ 17 Variable selling expense per unit $ 1 Variable administrative expense per unit $ 2 Total fixed selling expense $ 18,000 Total fixed administrative expense $ 13,000 Beginning merchandise inventory $ 11,000 Ending merchandise inventory $ 23,000 Merchandise purchases $ 88,000 1. Need help with the traditional income statement 2. Need help with the contribution format income statement. (Chart format)
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