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Fanelli Corporation, a merchandising company, reported the following results for July:? + Fanelli Corporation, a merchandising company, reported the following results for July: $ 6,900

Fanelli Corporation, a merchandising company, reported the following results for July:?image text in transcribedimage text in transcribedimage text in transcribed

+ Fanelli Corporation, a merchandising company, reported the following results for July: $ 6,900 620 421 Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total fixed administrative expense 55 $126,400 $ 34 $208,300 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 $ Sales Cost of goods sold 4,278,000 2,904,900 Graw

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