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ABC Co. consigned goods costing P14,000 to XYZ, Inc. Transportation costs of delivering the goods to XYZ totaled P3,000. Repair costs for goods damaged
ABC Co. consigned goods costing P14,000 to XYZ, Inc. Transportation costs of delivering the goods to XYZ totaled P3,000. Repair costs for goods damaged during transportation totaled P1,500. To induce XYZ, Inc. in accepting the consigned goods, ABC Co. gave XYZ P2,000 representing an advance commission. How much is the cost of the consigned goods?
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
