Inventory on Consignment At December 31, 2021;

the company received the following information for inventory on consignment: 1. All X105 machines were sold for $13,450 each.

2. Three of the J050 machines were sold for $6,880 each. The consignee received 5.0% commission on each sale and was allowed a 2.50% allowance for advertising. The consignee will pay the company the amount owed on January 15, 2022. In the Excel spreadsheet, see the tab Inventory on Consignment to perform any necessary calculations.

Use Other Accounts Receivable if needed for this transaction