Directions are on the given tab.

Question

Kiran · Accepted Answer

DIRECTIONS
	1	On the tab labeled PART TWO (1) SOLUTION:
Using the information on the sheet titled GIVEN, create an income statement using the contribution format.
	2	On the tab labeled PART TWO (2) SOLUTION:
Using the information on the sheet titled GIVEN, create an income statement using the traditional format.
GIVEN
		ABC, Inc Operating Data for the Month of June
			Amount
		Selling Price per Unit	$   140
		Variable Shipping Cost per Unit	8
		Commission per Unit Sold	24
		Beginning Inventory Value	300,000
		Ending Inventory Value	248,000
		Inventory Purchases	200,000
		Total Salaries and Commissions	143,000
		Total Shipping Cost	56,

Directions are on the given tab.

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