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Prepare a traditional format income or financial income

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Reference no: EM132717821

A merchandising company, reported the following results for June:

Number of units sold 5,300

Selling price per unit $ 590

Unit cost of goods sold $ 403

Variable selling expense per unit $ 58

Total fixed selling expense $ 124,400

Variable administrative expense per unit $ 22

Total fixed administrative expense $ 206,300

Problem 1: Prepare a traditional format income (financial income) statement for July

Reference no: EM132717821

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