Question
On May 3, 2014, Eisler Company consigned 92 freezers, costing $650 each, to Remmers Company. The cost of shipping the freezers amounted to $860 and
On May 3, 2014, Eisler Company consigned 92 freezers, costing $650 each, to Remmers Company. The cost of shipping the freezers amounted to $860 and was paid by Eisler Company. On December 30, 2014, a report was received from the consignee, indicating that 46 freezers had been sold for $750 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of $290, and total installation costs of $400 on the freezers sold.
A. Compute the inventory value of the units unsold in the hands of the consignee.
B. Compute the profit for the consignor for the units sold.
C. Compute the amount of cash that will be remitted by the consignee.
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