Please do not give solution in image format thanku :^>>>पीी$Per Unit Current Attempt in ProgressRestate the following income statement for a retailer in contribution format.Sales revenue ($50 per unit)Less cost of goods sold ($16 per unit)Gross marginLess operating costs:Commissions expense ($3 per unit) $ 3,9008,000Salaries expenseAdvertising expenseShipping expense ($2 per unit)Operating income2,5002,600$ 65,00020,80044,20018,000$ 27,200

Answer : Retailer in contribution format : Per unit Sales revenue $65,000 $50…

Answered: se ($2 por unit) 8,000 2,500 2.600 10

Business

Accounting

se ($2 por unit) 8,000 2,500 2.600 10

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

Please do not give solution in image format thanku

Current Attempt in Progress
Restate the following income statement for a retailer in contribution format.
Sales revenue ($50 per unit)
Less cost of goods sold ($16 per unit)
Gross margin
Less operating costs:
Commissions expense ($3 per unit) $ 3,900
8,000
Salaries expense
Advertising expense
Shipping expense ($2 per unit)
Operating income
2,500
2,600
$ 65,000
20,800
44,200
18,000
$ 27,200

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