Problemon may 3rd 2014 eisler company consigned 84 freezers, Ask an Expert

Accounting

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On May 3rd, 2014, Eisler company consigned 84 freezers, costing $450 each, to remmers company. The cost of shipping the freezers amounted to $890 and was paid by Eisler company. On December 30th, 2014, a report was received from the consignees, indicating that 42 freezers had been sold for $780 each. Remittance was made b

The consignee for the amount due, after deducting a commission of 6%, advertising of $240, and total installation cost of $340 on the freezers sold.

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92751680

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