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Question 28 (10 points) 1) Listen On April 30, 2020, East Company consigned 200 HD TV sets, costing $650 each, to Rest Company. The cost
Question 28 (10 points) 1) Listen On April 30, 2020, East Company consigned 200 HD TV sets, costing $650 each, to Rest Company. The cost of shipping the TV sets amounted to $850 and was paid by East Company. On November 30, 2020, a report was received from the consignee, indicating that 165 TV sets had been sold for $950 each. Remittance was made by the consignee for the amount due after deducting a commission of 8%, advertising of $350, and total installation costs of $550 on the TV sets sold. Instructions (show all calculations) a. Calculate the inventory value of the units unsold in the hands of the consignee. b. Calculate the profit for the consignor for the units sold. c. Calculate the amount of cash that will be remitted by the consignee. Paragraph B I U A + > +
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