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Hi please give me a traditional income statemant AND a contribution format income statemant based on this information. I WILL GIVE YOU A GOOD RATING PLEASE HELP!!
Amount Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit Total fixed selling expense Total fixed administrative expense Beginning merchandise inventory Ending merchandise inventory Merchandise purchases 12,000 $ $ 17 1 $ 18,000 $ 16,000 $ 10,000 $ 26,000 $ 87,000 Required: 1 Prepare a traditional income statement. 2. Prepare a contribution format income statement.
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