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On October 1, 2020, BGM Company consigned 50 sewing machines to ONE Company for sale at P20,000 each and paid P40,000 in transportation cost. On

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On October 1, 2020, BGM Company consigned 50 sewing machines to ONE Company for sale at P20,000 each and paid P40,000 in transportation cost. On December 31, 2020, ONE reported the sale of 30 sewing machines and remitted P510,000. The remittance was net of the agreed 15% commission. What amount should BGM recognize as consignment sales revenue for 2014?* Your

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