On June 3, 2022, CV. Do Fashion consigned 80 clothes, costingRp500,000 each, to PT. Matabulan Tbk. The cost of shipping amounted to Rp100,000 and was paid by CV Do Fashion. On December 30, 2022, a report was received from the consignee, indicating that 30 clothes had been sold for Rp800,000 each and 20 clothes has been sold for 1,000,000 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of Rp200,000. Instructions a. Compute the inventory value of the units unsold in the hands of the consignee. b. Compute the profit for the consignor for the units sold. c. Compute the amount of cash that will be remitted by the consignee.

On June 3, 2022, CV. Do Fashion consigned 80 clothes, costingRp500,000 each, to PT. Matabulan Tbk. The cost of shipping amounted to Rp100,000 and was paid by CV Do Fashion. On December 30, 2022, a report was received from the consignee, indicating that 30 clothes had been sold for Rp800,000 each and 20 clothes has been sold for 1,000,000 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of Rp200,000. Instructions a. Compute the inventory value of the units unsold in the hands of the consignee. b. Compute the profit for the consignor for the units sold. c. Compute the amount of cash that will be remitted by the consignee.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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