Business, 24.03.2020 01:20 lilycastillo15

On May 3, 2020, Pina Company consigned 90 freezers, costing $470 each, to Remmers Company. The cost of shipping the freezers amounted to $870 and was paid by Pina Company. On December 30, 2020, a report was received from the consignee, indicating that 45 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 $180, and total installation costs of $310 on the freezers sold:

a. Compute the inventory value of units unsold in the hands of the consignee.

Inventory value $

b. Compute the profit for the consignor for the units sold.

Profit on consignment sales $

c. Compute the amount of cash that will be remitted by the consignee

Remittance from consignee $

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On May 3, 2020, Pina Company consigned 90 freezers, costing $470 each, to Remmers Company. The cost...

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