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On May 31,2023, Crane Company consigned 130 freezers, costing $500 each, to Blossom Company. The cost of shipping the freezers amounted to $620 and was

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On May 31,2023, Crane Company consigned 130 freezers, costing $500 each, to Blossom Company. The cost of shipping the freezers amounted to $620 and was paid by Crane. On December 30,2023 , a report was received from the consignee, indicating that 65 freezers had been sold for $850 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of $430, and total installation costs of $500 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: 0 of 5 used

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