On May 31, 2020, Oriole Company consigned 150 freezers, costing $700 each, to Sheffield Company. The
On May 31, 2020, Oriole Company consigned 150 freezers, costing $700 each, to Sheffield Company. The cost of shipping the freezers amounted to $560 and was paid by Oriole Company. On December 30, 2020, a report was received from the consignee, indicating that 75 freezers had been sold for $870 each. Remittance was made by the consignee for the amount due after deducting a commission of 8%, advertising of $440, and total installation costs of $490 on the freezers sold. Calculate the inventory value of the units unsold in the hands of the consignee. Inventory value of units unsold $ e Textbook and Media Calculate the profit for the consignor for the units sold. Profit on consignment sales $ e Textbook and Media Calculate the amount of cash that will be remitted by the consignee. Remittance from consignee $