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The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: 12 21 Sales 31 15 Amount $1,440,000 Selling price per pair of skis $450 Variable selling expense per pair of skis $48 Variable administrative expense per pair of skis$18 Total fixed selling expense $135,000 Total fixed administrative expense $110,000 Beginning merchandise inventory $60,000 $115,000 $300,000 0 18 11 Ending merchandise inventory Merchandise purchases Required: Prepare a contribution format income statement.
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