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This is a merchandising company. Assume the COGS is variable. Quantity of produced good sold 12000 units Per unit Selling price to customers $20/unit

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This is a merchandising company. Assume the COGS is variable. Quantity of produced good sold 12000 units Per unit Selling price to customers $20/unit Variable selling expense per unit $5/unit Variable administrative expense per unit $2/unit Total fixed selling and administrative expense $12,000 Beginning merchandise Inventory $7,000 Ending merchandise inventory $3,000 Cost of Goods Sold $6,000 Given the above information, construct a contribution format income statement in the space below. Include major categories and dollar amount. Show all calculations. Essay Toolbarnagation BIVS F# 31 IN

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