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Traditional Income Statement Assignment | Top Universities

The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31:

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Amount
Sales $ 1,353,000
Selling price per pair of skis $ 410
Variable selling expense per pair of skis $ 49
Variable administrative expense per pair of skis $ 17
Total fixed selling expense $ 135,000
Total fixed administrative expense $ 105,000
Beginning merchandise inventory $ 70,000
Ending merchandise inventory $ 110,000
Merchandise purchases $ 310,000

Required:

1. Prepare a traditional income statement for the quarter ended March 31.

2. Prepare a contribution format income statement for the quarter ended March 31.

3. What was the contribution margin per unit? Get Accounting Homework Help Today

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