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Systems says my answer is wrong, not sure what I am missing. Cherokee Inc. is a merchandiser that provided the following information: Amount 12,000 17
Systems says my answer is wrong, not sure what I am missing.
Cherokee Inc. is a merchandiser that provided the following information: Amount 12,000 17 Un o un 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 $ 19,000 $ 13,000 $ 9,000 $ 25,000 $ 87,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. Complete this question by entering your answers in the tabs belowStep by Step Solution
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