Question
On January 10, 20x7, Karen Mfg. Corporation consigned 10 units of washing machines costing P3,600 each to Kulin Marketing Corporation. Kulin paid P2,400 for freight
On January 10, 20x7, Karen Mfg. Corporation consigned 10 units of washing
machines costing P3,600 each to Kulin Marketing Corporation. Kulin paid P2,400 for
freight on the shipment.
On January 31, Karen submitted a liquidation report which shoed sales of 6 units
and accompanied by a remittance for P27,300 after a 15% commission on the
sales price and the following deductions:
Cartage paid upon receipt of consigned goods..................
P 300
Advertising expense...................................................
1,800
Delivery and installation of goods sold..............................
1,200
The consignor's profit from sales of consigned goods is:
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