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On May 31, 2023, Blossom Company consigned 120 freezers, costing $500 each, to Cullumber Company. The cost of shipping the freezers amounted to $820 and

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On May 31, 2023, Blossom Company consigned 120 freezers, costing $500 each, to Cullumber Company. The cost of shipping the freezers amounted to $820 and was paid by Blossom. On December 30,2023 , a report was received from the consignee, indicating that 60 freezers had been sold for $1,030 each. Remittance was made by the consignee for the amount due after deducting a commission of 4%, advertising of $380, and total installation costs of $440 on the freezers sold. (a) Calculate the inventory value of the units unsold in the hands of the consignee. Inventory value of units unsold eTextbook and Media Attempts: 2 of 5 used (b) Calculate the profit for the consignor for the units sold. Profit on consignment sales $

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