+ McGraw-Hill Education Campus Question 26 - Proctoring Enable X hell Communit x @ Course: ACC-121-SSB1 2027FA x getproctorio.com/secured#lockdown Saved Is Enabled: Module 1 Exam (Chapters 1 - 3) i Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 5, 500 Selling price per unit $ 680 Unit cost of goods sold $ 407 Variable selling expense per unit $ 60 Total fixed selling expense $ 125,000 Variable administrative expense per unit $ 30 Total fixed administrative expense $ 206,900 01:59:26 Cost of goods sold is a variable cost in this company Required: a. Prepare a traditional format income statement for July. b. Prepare a contribution format income statement for July. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a traditional format income statement for July. Fanelli Corporation For the month of July Traditional Income Statement Selling and administrative expenses: $ Required A Required B > Graw Type here to search