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  3. cherokee inc is a merchandiser that provided the following information...

Question: cherokee inc is a merchandiser that provided the following information...

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Cherokee Inc. is a merchandiser that provided the following information 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 13,000 16 $ 22,000 事15,000 $ 10,000 $ 24,000 $ 90,000 Required: 1. Prepare a traditional income statement. 2. Prepare a contribution format income statement.

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