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Business, 16.03.2020 21:51 asiaosterling

On August 5, 2021, Ivanhoe Furniture shipped 50 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $250 each. The cost of shipping the dining sets amounted to $2600 and was paid for by Ivanhoe Furniture. On December 30, 2021, the consignee reported the sale of 40 dining sets at $750 each. The consignee remitted payment for the amount due after deducting a 5% commission, advertising expense of $500, and installation and setup costs of $680. The total profit on units sold for the consignor is
a. $25620.
b. $27320.
c. $15960.
d. $17320.

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On August 5, 2021, Ivanhoe Furniture shipped 50 dining sets on consignment to Furniture Outlet, Inc....
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