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How to solve these problems 9. The Consignment Out account of Jackie Department Store is shown below: CONSIGNMENT OUT For goods shipped to consignee: For

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9.

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The Consignment Out account of Jackie Department Store is shown below: CONSIGNMENT OUT For goods shipped to consignee: For account sales by consignee: Cost of 24 pcs. boys' clothes P4,800 20 pcs. boys' clothes P6,300 Cost of 48 pcs. underwear 7,680 30 pcs. underwear 7,500 Freight and handling costs: Boys' clothes 1,080 Underwear 2,000 The commission on both types of goods was 15% of the selling price. All of the account sales were accompanied by checks for correct amounts. There is one account sale on hand which had not been recorded on the books of Jackie. It shows that no consigned goods had been sold but the freight and handling costs of P150 applicable to underwear had been incurred by the consignee. Compute the amount to be remitted by the consignee. Compute for the consignment profit.DEF Company consigned 1,000 video players costing P900 per unit and retailing for P1,500 per unit to UUU on November 1, 2021. DEF paid P15,000 for the freight. For the month of November, the consignee sold 700 units. On December DEF ordered safety device on players which have not been sold. The cost of this alteration was: parts from inventories, P6,000 with a freight of P5,000. On December 20, DEF Company sent a mechanic to UUU to install safety devices on players. The cost of for labor, P5,000 which was paid by the consignee. DEF Company, thereafter, increased the unit retail price to P1,750 for the unsold players. On December 31, UUU remitted P1,021,750 to DEF Company in full settlement to date after deducting a commission of 15% of selling price on each player sold and P14,500 for delivering the players sold. Compute the consignment income to be reported by the consignor

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