Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:

Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: points $ $ $ $ 345,000 23,000 230,000 11,500 A A eBook Sales Beginning merchandise inventory Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income A $ 13,800 17,250 Print References $ 69,000 20,700 Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. Complete this question by entering your answers in the tabs below. Req1 Req2 Reg 3 to 5 Reg 1 Reg 2 Req 3 to 5 Prepare a contribution format income statement. points eBook 345,000 Print Todrick Company Contribution Format Income Statement Sales | $ Variable expenses: Cost of goods sold $ 241,500 Selling expense 17,250 Administrative expense References 258,750 Contribution margin Fixed expenses: Selling expense Administrative expense 13,800 13,800 20,700 Net operating income $ Reg 2 > Reg 1 Reg 2 Req 3 to 5 Prepare a traditional format income statement. points eBook $ Print Todrick Company Traditional Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expense Administrative expense 345,000 241,500 103,500 References Net operating income $ 20,700 5. Calculate the contribution margin per unit. Complete this question by entering your answers in the tabs below. points Reg 1 Reg 2 Reg 3 to 5 eBook 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. Print References 3. Selling price per unit 4. Variable cost per unit 5. Contribution margin per unit $ $ 345 276