Question
Exercise 18-25 On May 3, 2020, Indigo Company consigned 90 freezers, costing $470 each, to Remmers Company. The cost of shipping the freezers amounted to
Exercise 18-25 On May 3, 2020, Indigo Company consigned 90 freezers, costing $470 each, to Remmers Company. The cost of shipping the freezers amounted to $870 and was paid by Indigo Company. On December 30, 2020, a report was received from the consignee, indicating that 45 freezers had been sold for $750 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of $180, and total instalation costs of $310 on the freezers sold (Round answers to 0 decimal places, e.g. 5,275.) (a) Compute the inventory value of the units unsold in the hands of the consignee. Inventory values (b) Compute the profit for the consigner for the units sold. Profk on consignment sales (e) Compute the amount of cash that will be remitted by the consignee Remittance from consignee LINK TO EX
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