ABC Co. consigned goods costing P14,000 to XYZ, Inc. Transportation costs of delivering the goods to...
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ABC Co. consigned goods costing P14,000 to XYZ, Inc. Transportation costs of delivering the goods to XYZ totaled P3,000. Repair costs for goods damaged during transportation totaled P1,500. To induce XYZ, Inc. in accepting the consigned goods, ABC Co. gave XYZ P2,000 representing an advance commission. How much is the cost of the consigned goods? ABC Co. consigned goods costing P14,000 to XYZ, Inc. Transportation costs of delivering the goods to XYZ totaled P3,000. Repair costs for goods damaged during transportation totaled P1,500. To induce XYZ, Inc. in accepting the consigned goods, ABC Co. gave XYZ P2,000 representing an advance commission. How much is the cost of the consigned goods?
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
Posted Date:
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