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On August 15, 2020, Japan Ideas consigned 750 electronic play systems, costing $100 each, to YoYo Toys Company. The cost of shipping the play
On August 15, 2020, Japan Ideas consigned 750 electronic play systems, costing $100 each, to YoYo Toys Company. The cost of shipping the play systems amounted to $1,300 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 SA Question Part Score --/2 Calculate the profit for the consignor for the units sold at December 31, 2020. Profit $ Question Part Score Calculate the amount of cash that will be remitted by the consignee at December 31, 2020. Remittance $
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