Cherokee Inc. is a merchandiser that provided the following information Amount 13,000 17 1 Number...
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Accounting
Cherokee Inc. is a merchandiser that provided the following information Amount 13,000 17 1 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 $ $ $ $ $ 18,000 14,000 9,000 22,000 88,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement
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