You have started a small business manufacturing solar-powered AC units. In November 2021, you have arranged...

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You have started a small business manufacturing solar-powered AC units. In November 2021, you have arranged to ship 50 units to Sam's Inc, a department store. Sam's will sell the units on consignment for $185 per unit. The cost of each AC unit that you produce is $78. Shipping costs for the 50 units total $550 and you will pay Fed Ex directly. Sam's Inc retains 15% of sales revenue as a commission. A. Which party is the consignor, and which party is the consignee? B. If 40 units were sold during November 2021, what amount will Sam's Inc collect as commission? C. What is the cost of goods sold, for the 40 units sold? D. Calculate your profit, for the units sold in November. Clearly label your work. E. What is the balance sheet value of the unsold units on November 30? You have started a small business manufacturing solar-powered AC units. In November 2021, you have arranged to ship 50 units to Sam's Inc, a department store. Sam's will sell the units on consignment for $185 per unit. The cost of each AC unit that you produce is $78. Shipping costs for the 50 units total $550 and you will pay Fed Ex directly. Sam's Inc retains 15% of sales revenue as a commission. A. Which party is the consignor, and which party is the consignee? B. If 40 units were sold during November 2021, what amount will Sam's Inc collect as commission? C. What is the cost of goods sold, for the 40 units sold? D. Calculate your profit, for the units sold in November. Clearly label your work. E. What is the balance sheet value of the unsold units on November 30?

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