Question: Please help me complete this! I have been struggling for a while, and mainly I need the answer! Thank you for your help! 5,300 1)
Please help me complete this!
I have been struggling for a while, and mainly I need the answer!
Thank you for your help!
5,300 1) Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total fixed administrative expense Cost of goods sold is a variable cost in this company. $ 590 $ 403 $ 58 $ 124,400 $ 22 $ 206,300 Required:a. Prepare a traditional format income statement for July (6 pts) b. Prepare a contribution format income statement for July (6 pts)
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