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Illustrative 8: ABC Co. assigned goods costing P 10,000 to XYZ, Inc. Transportation costs of delivering the goods to XYZ totaled P 2,000. Repair

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Illustrative 8: ABC Co. assigned goods costing P 10,000 to XYZ, Inc. Transportation costs of delivering the goods to XYZ totaled P 2,000. Repair costs for goods damaged during transportation totaled P 500. To induce XYZ, Inc. in accepting the consigned goods, ABC Co. gave XYZ P 1,000 representing an advance commission. Required: How much is the costs of consigned goods?

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