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Please complete the traditional Income statement and the contribution format income statement. Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost
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Please complete the traditional Income statement and the contribution format income statement.
Marwick's Pianos, Incorporated, purchases pianos from a large manufacturer for an average cost of $1,482 per unit and then sells them to retail customers for an average price of $2,400 each. The company's selling and administrative costs for a typical month are presented below: During August, Marwick's Pianos, Incorporated, sold and delivered 61 pianos. Required: 1. Prepare a traditional format income statement for August. 2. Prepare a contribution format income statement for August. Show costs and revenues on both a total and a per unit basis down through contribution margin. Marwick's Pianos, Incorporated
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![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/665dc2b65ec91_726665dc2b659cee.jpg)
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