(Answered) Question - on august 5 2017 mcclellan art studio shipped 50

Accounting

Question - On August 5, 2017, McClellan Art Studio shipped 50 paintings on consignment to Home Decor. The cost of each painting was $130. The cost of shipping the paintings was $300 and was paid for by McClellan Art Studio. On December 30, 2017, the consignee reported the sale of 42 paintings at $315 each. The consignee remitted payment for the amount due after deducting an 8% commission, advertising expense of $250, and setup costs of $175. The total profit on units sold for the consignor is

A: $6,034.60.

B: $6,711.60.

C: $7,770.00.

D: $7,345.00.

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