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Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit 5,800 $ 590 $ 410
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit 5,800 $ 590 $ 410 $ 66 $ 125,300 $ 207,200 $ 22 Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total fixed administrative expense Cost of goods sold is a variable cost in this company. Required: a. Prepare a traditional format income statement for July. b. Prepare a contribution format income statement for July. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a traditional format income statement for July. Fanelli Corporation For the month of July Traditional Income Statement Selling and administrative expenses: < Required A 0 0 $ 0 Required B >
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