On May 31, 2020, Blossom Company consigned 140 freezers, costing $500 each, to Ayayai Company. The cost of shipping the

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On May 31 2020 Blossom Company Consigned 140 Freezers Costing 500 Each To Ayayai Company The Cost Of Shipping The 1 (23.8 KiB) Viewed 68 times

On May 31, 2020, Blossom Company consigned 140 freezers, costing $500 each, to Ayayai Company. The cost of shipping the freezers amounted to $920 and was paid by Blossom Company. On December 30, 2020, a report was received from the consignee, indicating that 70 freezers had been sold for $870 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of $200, and total installation costs of $300 on the freezers sold. Calculate the inventory value of the units unsold in the hands of the consignee. Inventory value of units unsold $ eTextbook and Media Calculate the profit for the consignor for the units sold. Profit on consignment sales $ eTextbook and Media Calculate the amount of cash that will be remitted by the consignee. Remittance from consignee $ eTextbook and Media