Quiz3Chapter18Solution (1).pdf - 7 A310 Spring 2018 Quiz 3...

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Unformatted text preview: 7 A310 Spring 2018 Quiz 3 Name Problem 1 (20 pomts) J On May 3, 2017 E Company consigned 80 freezers, costing $600 each, to R Company. The cost of shipping the freezers amounted to $840 and was paid by E company. On December 31, 2017, a report was received from the consignee indicating that 50 freezers had been sold for $800 each. Remittance was made by the consignee for the amount due after deducting a commission of 10%, advertising of $250 and total installation costs of $500 on the freezers sold. Calculate the amount received by the consignor? 50%00 ‘3 40/ (m) ZWMW '3 4/ 0730 [iii/W055 HER [£73 W'WL/QWDU 5/57) ‘ 352.50 Calculate the cost of goods sold? M ./'—z W W40 game (,4 30) 59,5 ...
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  • Spring '17
  • AngelaAndrews
  • freezers, total installation costs, E Company

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