Answer and Explanation:
The computation is shown below;
a.
Inventory Unsold in Hand (90-45) 45
Unit cost Unsold (45 × 480) $21,600.00
Shipping cost on Unit Unsold (850 ÷ 90 × 45) $425.00
Value of Inventory (21600 + 425) $22,025.00
b.
Sale value (45 × 780) $35,100.00
Less: Cost
Unit cost Sold (21600+425) -$22,025.00
Comission of Consignee (35,100 × 6%) -$2,106.00
Advertising cost -$210.00
Installation cost -$330.00
Net Profit $10,429.00
c.
Sale value (45 × 780) $35,100.00
Less: deduction made by consignee
Comission of Consignee (35100 × 6%) -$2,106.00
Advertising cost -$210.00
Installation cost -$330.00
Net Remittance made by consignee $32,454.00
