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On August 5 , 2 0 2 4 , Cullumber Furniture shipped 5 0 dining sets in consignment to Furniture Outlet, Inc. The cost of

On August 5,2024, Cullumber Furniture shipped 50 dining sets in consignment to Furniture Outlet, Inc. The cost of each dining set was $470. The cost of shipping the dining sets amounted to $1950 and was paid for by Cullumber Furniture. On December 30,2024, the consignee reported the sale of 40 dining sets at $970 each. The consignee remitted payment for the amount due after deducting a 5% commission, advertising expense of $720, and installation and setup costs of $900. The total profit on units sold for the consignor is

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