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Case 2 On May 1, 2014, Rose Inc. consigned 80 VCD players to ED's TV. The VCD player cost P270. Freight on the shipment paid
Case 2 On May 1, 2014, Rose Inc. consigned 80 VCD players to ED's TV. The VCD player cost P270. Freight on the shipment paid by ED's TV was P600, On July 10, Rose Inc. received an account sales and P12,900 from Ed's TV. Thirty VCD players had been sold and the following expenses were deducted: Freight P600 Commission (20% of sales price) ? Advertising P390 Delivery P210 Required: 4. The total sales price of the VCDs sold by ED's TV was: 5. The inventory of VCDs will be reported on whose balance sheet and at what amount? (choose the letter of your answer) Balance Sheet of Amount of Inventory a. Rose Inc. P13,875 b. Rose Inc. P13,500 c. ED TV P13,875
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