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

11,000

$ 17

$ 1

$ 3

22,000

1 3 80

$ 25,000

$ 90,000

Required:

1. Prepare a traditional income statement.

2. Prepare a contribution format income statement.

Prepare a traditional income statement. Prepare a traditional income statement