Prepare the may income statement for china imports inc

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Reference no: EM13912217

China Imports, Inc., sold 18,000 units in May. Per unit selling price and variable expense were $25 and $17, respectively. Fixed expense incurred for May totaled $120,000.

Required:

Prepare the May income statement for China Imports, Inc., in the contribution margin format. 

Reference no: EM13912217

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