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On May 3, 2017, Buffalo Company consigned 100 freezers, costing $ 510 each, to Remmers Company. The cost of shipping the freezers amounted to $

On May 3, 2017, Buffalo Company consigned 100 freezers, costing $ 510 each, to Remmers Company. The cost of shipping the freezers amounted to $ 920 and was paid by Buffalo Company. On December 30, 2017, a report was received from the consignee, indicating that 50 freezers had been sold for $ 740 each. Remittance was made by the consignee for the amount due after deducting a commission of 7%, advertising of $ 180, and total installation costs of $ 310 on the freezers sold. (Round answers to 0 decimal places, e.g. 5,275.) (a) Compute the inventory value of the units unsold in the hands of the consignee.

Inventory value

$ enter the inventory value in dollars

(b) Compute the profit for the consignor for the units sold.

Profit on consignment sales

$ enter the profit on consignment sales in dollars

(c) Compute the amount of cash that will be remitted by the consignee.

Remittance from consignee

$ enter the amount of cash that will be remitted by the consignee rounded to 0 decimal places

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