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18.3 On August 5, 2017, McClellan Art Studio shipped 50 paintings on consignment to Home Decor. The cost of each painting was $130. The cost
18.3
On August 5, 2017, McClellan Art Studio shipped 50 paintings on consignment to Home Decor. The cost of each painting was $130. The cost of shipping the paintings was $300 and was paid for by McClellan Art Studio. On December 30, 2017, the consignee reported the sale of 42 paintings at $315 each. The consignee remitted payment for the amount due after deducting an 8% commission, advertising expense of $250, and setup costs of $175. The total profit on units sold for the consignor is
A :
$6,034.60.
B :
$6,711.60.
C :
$7,770.00.
D :
$7,345.00.
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