On May 31, 2023, Pharoah Company consigned 150 freezers, costing $400 each, to Sunland Company. The cost of shipping the freezers amounted to $780 and was paid by Pharoah. On December 30, 2023, 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 (a) Calculate the inventory value of the units unsold in the hands of the consignee Inventory value of units unsold $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer to search (b) The parts of this question must be completed in order. This part will be available when you complete the part above W [ P OA ENC 40 UK me here to search. Current Attempt in Progress The following are transactions between Blossom Corp, the consignor, and Cullumber Stores Ltd, the consignee, for the month of June 2023. Blossom uses a perpetual inventory system and has a separate perpetual record for inventory sent out on consignment. At the end of each month, sales are reported by Cullumber to Blossom and a net payment is made. The agreement stipulates that Cullumber June 1 June 5 June 30 June 30 Blossom ships merchandise costing $461.000 on consignment to Cullumber Stores Blossom pays the freight of $5.500 for the above shipment of June 1 Summary entry for the month of June: Cullumber sells half of the merchandise for $650,000 cash Cullumber notifies Blossom that 50% of the merchandise has been sold for $650.000 and remits a cheque for the amount due under the consignment agreement. Blossom records the receipt of the cheque from Cullumber (a) Prepare the journal entries necessary on the books of Blossom (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries) Date Account Titles and Explanation W P Debit Credit E Cenarch Date order presented in the problem. List all debit entries before credit entries.) jur une account titles and enter O for the amounts. Record journa Account Titles and Explanation (To record summary entry) M Debit Credit ING P OA Arc search. (To record consignment sales) (To record cost of goods sold). eTextbook and Media List of Accounts Save for Lane -/201 Attempts: 0 of 5 used Smit Ar (b) The parts of this question must be completed in order. This part will be available when you complete the part above W P 0 Arc ENG 919PM UK 2023