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Exercise 6-22 On May 31, 2017, Ivanhoe Company consigned 70 freezers, costing $700 each, to Bridgeport Company. The cost of shipping the freezers amounted to

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Exercise 6-22 On May 31, 2017, Ivanhoe Company consigned 70 freezers, costing $700 each, to Bridgeport Company. The cost of shipping the freezers amounted to $630 and was paid by Ivanhoe Company. On December 30, 2017, a report was received from the consignee, indicating that 35 freezers had been sold for $1,010 each. Remittance was made by the consignee for the amount due after deducting a commission of 8%, advertising of $220, and total installation costs of $310 on the freezers sold. Calculate the inventory value of the units unsold in the hands of the consignee. Inventory value of units unsold Calculate the profit for the consignor for the units sold. Profit on consignment sales s Calculate the amount of cash that will be remitted by the consignee Remittance from consignee

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