Janata stores is a merchandiser that provided the following information: Number of units sold 10,000...
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Accounting
Janata stores is a merchandiser that provided the following information: Number of units sold 10,000 Selling price per unit $11 Variable selling expense per unit $ 2 Variable administrative expense per unit $1 Total fixed selling expense $12,000 Total fixed administrative expense $ 7,500 Beginning merchandise inventory $ 6,000 Ending merchandise inventory $9,500 Merchandise purchases $202,000 Required: (3) Prepare a contribution format income statement. 3
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