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On May 31, 2023, Sunland Company consigned 130 freezers, costing $400 each, to Sandhill Company. The cost of shipping the freezers amounted to $980 and
On May 31, 2023, Sunland Company consigned 130 freezers, costing $400 each, to Sandhill Company. The cost of shipping the freezers amounted to $980 and was paid by Sunland. On December 30, 2023, a report was received from the consignee, indicating that 65 freezers had been sold for $1,050 each. Remittance was made by the consignee for the amount due after deducting a commission of 8%, advertising of $240, and total installation costs of $450 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 $ (b) eTextbook and Media * Your answer is incorrect. Calculate the profit for the consignor for the units sold. Profit on consignment sales $ 26490 17801.11 Attempts: 1 of 3 used
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