Amianan Company consigned five calculators, with cost of P800 each, to the Bisdak Company which was to
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Question:
Amianan Company consigned five calculators, with cost of P800 each, to the Bisdak Company which was to sell these goods for the account and ink of the former for a commission of 15% of selling price. Amianan Company paid shipping costs of P200 on the shipment. Correspondingly, Bisdak Company paid P320 on the freight of the shipment. On the last day of the year, Bisdak Company reported that it had sold three of the calculators, two for cash at P1,500 each and one on credit at P1,800, of which 25% was collected as down payment. Bisdak Company remitted all the cash due.
The total amount remitted to consignor as of June is:
The profit on consignment is:
The cost of inventory on consignment is:
Posted Date: