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The account sales submitted by Medy Inc. to Chris Corp on its consignment transactions during the month of April 2030 is presented below: Sales (35
The account sales submitted by Medy Inc. to Chris Corp on its consignment transactions during the month of April 2030 is presented below: Sales (35 units at 6,000) 210,000 Less: Advances to consignor 20,000 Less: Selling expenses 2,000 Less: Commission 8,400 Net Proceed remitted: 179,600 The consignment consisted of 50 units which cost P4,000 each, and on which freight cost of P1,200 was paid by Medy Inc. What is the cost of inventory in the hands of Chris
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