Cherokee Inc. is a merchandiser that provided the following information: Amount 14,000 Number of units sold...
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Cherokee Inc. is a merchandiser that provided the following information: Amount 14,000 Number of units sold Selling price per unit $ 16 $ 1 Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense $ 1 $ 18,000 Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 13,000 $ 11,000 $ 25,000 $ 88,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. es es es s Դ Cherokee Inc. is a merchandiser that provided the following information: Amount 14,000 Number of units sold Selling price per unit $ 16 $ 1 Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense $ 1 $ 18,000 Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 13,000 $ 11,000 $ 25,000 $ 88,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement. es es es s Դ
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Related Book For
Managerial Accounting
ISBN: 978-0077522940
15th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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