On August 15, 2020, Japan Ideas consigned 720 electronic play systems, costing $100 each, to YoYo Toys Company. The cost of shipping the play systems amounted to $1,500 and was paid by Japan Ideas. On December 31, 2020, an account sales summary was received from the consignee, reporting that 420 play systems had been sold for $160 each. Remittance was made by the consignee for the amount due, after deducting a 20% commission.

Calculate the inventory value of the units unsold in the hands of the consignee at December 31, 2020.

Inventory value of the units unsold

$enter the Inventory value of the units unsold in dollars

eTextbook and Media

Calculate the profit for the consignor for the units sold at December 31, 2020.

Profit

$enter the profit in dollars

eTextbook and Media

Calculate the amount of cash that will be remitted by the consignee at December 31, 2020.

Remittance

$enter the Remittance in dollars