Spencer company consigned 88 freezers, costing $490 each, to remmers company.
the cost o...
Business, 10.10.2019 20:00, maxicanofb0011
Spencer company consigned 88 freezers, costing $490 each, to remmers company.
the cost of shipping the freezers amounted to $890 and was paid by spencer company.
on december 30, 2015, a report was received from the consignee, indicating that 44 freezers had been sold for $710 each.
remittance was made by the consignee for the amount due, after deducting a commission of 6%, advertising of $240, and total installation costs of $310 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.
Answers: 2
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