Question
On May 31, 2023, Carla Vista Company consigned 170 freezers, costing $600 each, to Wildhorse Company. The cost of shipping the freezers amounted to $540
On May 31, 2023, Carla Vista Company consigned 170 freezers, costing $600 each, to Wildhorse Company. The cost of shipping the freezers amounted to $540 and was paid by Carla Vista. On December 30, 2023, a report was received from the consignee, indicating that 85 freezers had been sold for $690 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of $370, and total installation costs of $440 on the freezers sold.
(a)
Calculate the inventory value of the units unsold in the hands of the consignee.
Inventory value of units unsold | $enter the inventory value of units unsold in dollars |
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