You have the following information for Wildhorse Co. for the month ended October 31, 2022. Wildhorse uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price
Oct. 1 Beginning inventory 65 $22
Oct. 9 Purchase 130 24
Oct. 11 Sale 95 45
Oct. 17 Purchase 95 25
Oct. 22 Sale 65 50
Oct. 25 Purchase 75 27
Oct. 29 Sale 105 50

Required:
Calculate ending inventory.

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.