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On May 3, 2020, Sweet Company consigned90freezers, costing $480each, to Remmers Company. The cost of shipping the freezers amounted to $850and was paid by Sweet
On May 3, 2020, Sweet Company consigned90freezers, costing $480each, to Remmers Company. The cost of shipping the freezers amounted to $850and was paid by Sweet Company. On December 30, 2020, a report was received from the consignee, indicating that45freezers had been sold for $780each. Remittance was made by the consignee for the amount due after deducting a commission of6%, advertising of $210, and total installation costs of $330on the freezers sold.
Compute inventory value, profit, and amount of cash
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