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Calculate the value of unsold consignment stock and abnormal loss from the following information Goods consigned =10000 units @ 20 per unit Freight insurance expenses
Calculate the value of unsold consignment stock and abnormal loss from the following information Goods consigned =10000 units @ 20 per unit Freight insurance expenses incurred by consigner = 47500 Expenses incurred by consignee Unloading charges = 4900 Clearing custom and Octroi charges=3900 Carriage Inward = 1000 Storage Expenses = 1450 Office and Administrative Expenses = 10000 Bad Debts = 1625 Goods sold by consignee 2500 units @ 25 per units for cash and 5000 units @ 32.5 on credit Rate of commission of consignor = 5% (24 Del Credre) 100 units of goods sent were lost in transit 100 units of goods are still in transit 100 units of goods lost by fire in consignee godown 100 units of goods lost in the godown of consignee due to inherent nature of goods
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