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hello i need help solving this. Its saying not complete but my drop down options to fill in nothing else works. I do not know
hello i need help solving this. Its saying not complete but my drop down options to fill in nothing else works. I do not know what else would be added in a traditional income statement and a contribution format income statement. the pictures are as clear as I can get them since I cannot screen shot on my computer.
thank you for any help!
11,000 15 Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 3 $ 20,000 $ 13,000 $ 8,000 $ 25,000 $ 87,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Answer is not complete. Complete this question by enter our answers in the tabs below. Required 1 Required 2 Prepare a traditional income statement. Cherokee, Inc. Traditional Income Statement Sales $ 165,000 SO 70,000 95,000 Cost of goods sold Gross margin Selling and administrative expenses Selling expenses Administrative expenses S 31,000 46,000 77,000 18,000 Net operating income 5 $
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