Question: on May 3 rd , 2 0 1 4 , Eisler company consigned 8 0 freezers , costing $ 5 0 0 each , to
on May rdEisler company consigned freezers costing $each to remmers company. The cost of shipping the freezers amounted to $and was paid by Eisler company. On December tha report was received from the consignee that freezers have been sold for $each Remittance was made by the consignees for the amount due, after deducting a commission of advertising of $and total installation cost of $on the on the freezers sold.
acompute the inventory value of the units unsold in the hands of the consignee.
bcompute the profit for the consignor for the units sold.
ccompute the amount of cash that will be remitted by the consignee.
dPrepare the journal entries for the transactions involved.
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