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On May 31, 2020, Wildhorse Company consigned 140 freezers, costing $700 each, to Novak Company. The cost of shipping the freezers amounted to $580 and

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On May 31, 2020, Wildhorse Company consigned 140 freezers, costing $700 each, to Novak Company. The cost of shipping the freezers amounted to $580 and was paid by Wildhorse Company, On December 30, 2020, a report was received from the consignee, indicating that 70 freezers had been sold for $790 each. Remittance was made by the consignee for the amount due after deducting a commission of 8%, advertising of $440, and total installation costs of $480 on the freezers sold. Calculate the inventory value of the units unsold in the hands of the consignee. Inventory value of units unsold S Calculate the proht for the consignor for the units sold Proht on consignment sales $ Calculate the amount of cash that will be remitted by the consignee. Remittance from consignee $

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