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A. Compute the inventory value of the units unsold in the hands of the consignee. B. Compute the profit for the consignor for the units
A. Compute the inventory value of the units unsold in the hands of the consignee.
B. Compute the profit for the consignor for the units sold.
C. Compute the amount of cash that will be remitted by the consignee.
On May 31, 2023, Sunland Company consigned 180 freezers, costing $700 each, to Sandhill Company. The cost of shipping the freezers amounted to $680 and was paid by Sunland. On December 30,2023 , a report was received from the consignee, indicating that 90 freezers had been sold for $690 each. Remittance was made by the consignee for the amount due after deducting a commission of 8%, advertising of $200, and total installation costs of $500 on the freezers sold
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