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PRINTER VERSION BACK NEX Brief Exercise 6-25 On August 15, 2020, Japan Ideas consigned 720 electronic play systems, costing $110 each, to YOYO Toys Company.
PRINTER VERSION BACK NEX Brief Exercise 6-25 On August 15, 2020, Japan Ideas consigned 720 electronic play systems, costing $110 each, to YOYO Toys Company. The cost of shipping the play systems amounted to $1,200 and was paid by Japan Ideas. On December 31, 2020, an account sales summary was received from the consignee, reporting that 420 play systems had been sold for $150 each. Remittance was made by the consignee for the amount due, after deducting a 20% commission. Calculate the inventory value of the units unsold in the hands of the consignee at December 31, 2020. Inventory value of the units unsold LINK TO TEXT Calculate the profit for the consignor for the units sold at December 31, 2020. Profit LINK TO TEXT Calculate the amount of cash that will be remitted by the consignee at December 31, 2020. Remittance $
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