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Winter Leisure is a retailer of snowboards. The information below is for the quarter ended December 31: Amount Total sales revenue 924,000 Selling price per
Winter Leisure is a retailer of snowboards. The information below is for the quarter ended December 31: Amount Total sales revenue 924,000 Selling price per snowboard 420 Variable selling expense per snowboard 50 Variable administrative expense per snowboard 20 Total fixed selling expense 210,000 Total fixed administrative expense 180,000 Merchandise inventory, beginning balance 82,000 Merchandise inventory, ending balance 102,000 Merchandise purchases 306,000
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