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Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 12,000 Selling price per unit $ 16.00 Variable selling expense per unit 2.00 Variable administrative expense per unit 1.00 Total fixed selling expense $ 22,000 Total fixed administrative expense $ 16,000 Beginning merchandise inventory $ 12,000 Ending merchandise inventory $ 26,000 Merchandise purchases $ 85,000
Required:
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