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On August 5, 2021. Crane Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $460
On August 5, 2021. Crane Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $460 each. The cost of shipping the dining sets amounted to $1940 and was paid for by Crane Furniture. On December 30, 2021, the consignee reported the sale of 30 dining sets at $960 each. The consignee remitted payment for the amount due after deducting a 5% commission, advertising expense of $710, and installation and setup costs of $890. The total profit on units sold for the consignor is $25760. $11960. O $10505. $23820.
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