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Whitman Corporation, a merchandising company, reported sales of 16,100 units for May at a selling price of $769 per unit. The cost of goods sold
Whitman Corporation, a merchandising company, reported sales of 16,100 units for May at a selling price of $769 per unit. The cost of goods sold (all variable) was $521 per unit and the variable selling expense was $59 per unit. The total fixed selling expense was $158,200. The variable administrative expense was $27 per unit and the total fixed administrative expense was $375,800. Required: a. Prepare a contribution format income statement for May. (Input all amounts as positive values. Omit the "$" sign in your response.) Whitman Corporation Income Statement (Click to selec Variable expenses: (Click to select) (Click to select) (Click to select) (Click to select) Fixed expenses (Click to select) (Click to select) (Click to select) HA A b. Prepare a traditional format income statement for May. (Input all amounts as positive values. Omit the "$" sign in your response.) Whitman Corporation Income Statement (Click to select) (Click to select) (Click to select) Operating expenses: (Click to select) (Click to select) (Click to select) EA LA
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