This is a merchandising company. Assume the Cost of Goods Sold (COGS) is variable.

Quantity of produced good sold	9,000 units
Per unit Selling price to customers	$30/unit
Variable selling expense per unit	$7/unit
Variable administrative expense per unit	$4/unit
New Purchases of merchandise	$5,000
Beginning merchandise inventory	$7,000
Ending merchandise inventory	$3,000
Fixed administrative expenses	$6,000
Fixed selling expenses	$7,200

Given the above information, construct a traditional financial income statement.

 Include major categories and dollar amount. Show all calculations

Answer rating: 100% (QA)

here is the traditional financial income statement for the merchandising company Income Stateme... View the full answer