Question: On November 10, 2023, Nicekicks Inc. consigned goods to Shoe Palace, 10 sneakers costing P6,000 each. Nicekicks Inc. paid the freight in the amount of

On November 10, 2023, Nicekicks Inc. consigned goods to Shoe Palace, 10 sneakers costing P6,000 each. Nicekicks Inc. paid the freight in the amount of P6,000. At the end of the year, Shoe place sold 6 sneakers to customers with selling price of P12,000. It reported also the selling expenses in the amount of P5,000 and remitted the net proceeds to Nicekick Inc. The parties agreed on a 20% commission from the sales. What is the total cost of the unsold sneaker

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