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On May 31, 2017, Carla Vista Company consigned 70 freezers, costing $600 each, to Flint Company. The cost of shipping the freezers amounted to $420
On May 31, 2017, Carla Vista Company consigned 70 freezers, costing $600 each, to Flint Company. The cost of shipping the freezers amounted to $420 and was paid by Carla Vista Company. On December 30, 2017, a report was received from the consignee, indicating that 35 freezers had been sold for $970 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of $330, and total installation costs of $510 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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