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Darwin Corp consigned 60 units of motors to Inigo Corp. on May 1, 2030. Each motor cost P6,000 and Darwin paid P30,000 for the shipment
Darwin Corp consigned 60 units of motors to Inigo Corp. on May 1, 2030. Each motor cost P6,000 and Darwin paid P30,000 for the shipment Inigo Corp. On May 20, 2030, 36 units were sold and the consignee submitted an account sales, and remitted the balance due to Darwin Corp. in the amount of P279,000 after deducting the following charges: Commission, 15% of selling price (unknown); Selling expenses 18,000; Delivery and installation of items sold 9,000. How much is the cost of inventory on consignment in the hands of Inigo Corp? Question 19Answer P216,000 P144,000 P174,000 P156,000
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