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On May 31, 2017, Blossom Company consigned 150 freezers, costing $800 each, to Ayayai Company. The cost of shipping the freezers amounted to $1,200 and
On May 31, 2017, Blossom Company consigned 150 freezers, costing $800 each, to Ayayai Company. The cost of shipping the freezers amounted to $1,200 and was paid by Blossom Company. On December 30, 2017, a report was received from the consignee, indicating that 75 freezers had been sold for $930 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of $310, and total installation costs of $310 on the freezers sold. Calculate the inventory value of the units unsold in the hands of the consignee. Inventory value of units unsold $ Calculate the profit for the consignor for the units sold. Profit on consignment sales $ Calculate the amount of cash that will be remitted by the consignee. Remittance from consignee $
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