Anton Corporation delivered 150,000 bath water heaters on consignment basis to

Dave Company. These water heaters cost P900,000 each, and they are

advertised to sell at P1,500,000 each.

The consignee is to be allowed a commission of 15% of the selling price. The

consignment agreement also stated that the consignor would draw a sight draft

on the consigned for 60% of the cost of the water heaters. The advance shall be

recovered periodically by the consignee through monthly deductions, in

proportion to the number of units sold, from the remittances which accompany

the monthly account sales. All expenses of the consignee are to be deducted

monthly as incurred.

The consignee rendered an account sale at the end of the first month showing,

among other things, the following information.

Advertising...........................

P 2,250,000

Delivery expense..............................................................

1,125,000

Commission............................................................

3,375,000

The amount remitted by Dave Co. and the consignment profit of Anton Corp. are: