Business, 27.03.2020 01:46 ronnie7898

On May 3, 2020, Nash Company consigned 100 freezers, costing $460 each, to Remmers Company. The cost of shipping the freezers amounted to $910 and was paid by Nash Company. On December 30, 2020, a report was received from the consignee, indicating that 50 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 $200, and total installation costs of $320 on the freezers sold.

a. Compute the inventory value of units unsold in the hands of the consignee.
b. Compute the profit for the consignor for the units sold.
c. Compute the amount of cash that will be remitted by the consignee

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On May 3, 2020, Nash Company consigned 100 freezers, costing $460 each, to Remmers Company. The cost...

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