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Question 6 View Policies Current Attempt in Progress On May 3, 2020, Nash Company consigned 60 freezers, costing $500 each, to Remmers Company. The cost
Question 6 View Policies Current Attempt in Progress On May 3, 2020, Nash Company consigned 60 freezers, costing $500 each, to Remmers Company. The cost of shipping the freezers amounted to $780 and was paid by Nash Company. On December 30, 2020, a report was received from the consignee, indicating that 30 freezers had been sold for $750 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of $210, and total installation costs of $280 on the freezers sold. (Round answers to O decimal places, e.g. 5,275.) (a) Compute the inventory value of the units unsold in the hands of the consignee. Inventory values (b) Compute the profit for the consignor for the units sold. Profit on consignment sales 5 (c) Compute the amount of cash that will be remitted by the consignee. Remittance from consignee $ e Textbook and Media
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