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On May 3, 2025, Oriole Company consigned 60 freezers, costing $470 each, to Winds Company. The cost of shipping the freezers amounted to $780 and
On May 3, 2025, Oriole Company consigned 60 freezers, costing $470 each, to Winds Company. The cost of shipping the freezers amounted to $780 and was paid by Oriole Company. On December 30, 2025, a report was received from the consignee, indicating that 30 freezers had been sold for $800 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of $200, and total installation costs of $350 on the freezers sold. (a) Compute the inventory value of the units unsold in the hands of the consignee at the end of 2025. (Do not round intermediate calculations. Round answers to O decimal places, e.g. 5,275.) Inventory value
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