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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) Your answer is correct. Calculate the inventory value of the units unsold in the hands of the consignee. Inventory value of units unsold $ Calculate the inventory value of the units unsold in the hands of the consignee. Inventory value of units unsold eTextbook and Media b) Calculate the profit for the consignor for the units sold. Profit on consignment sales

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