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On May 31, 2020, Pharoah Company consigned 150 freezers, costing $400 each, to Flounder Company. The cost of shipping the freezers amounted to $780 and
On May 31, 2020, Pharoah Company consigned 150 freezers, costing $400 each, to Flounder Company. The cost of shipping the freezers amounted to $780 and was paid by Pharoah Company. On December 30, 2020, a report was received from the consignee. indicating that 75 freezers had been sold for $650 each. Remittance was made by the consignee for the amount due after deducting a commission of 4%, advertising of $340, 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 $ eTextbook and Media 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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