Business, 07.10.2019 21:30 brylove603
Fall co. paid $500 in freight-out charges to ship $25,000 of inventory on consignment to rodgers co. rodgers printed and mailed customer promotions for the merchandise at a cost of $250, reimbursable from fall. at the end of the year, 80% of the inventory was sold for $40,000. the agreement states that commission of 25% will be provided to rodgers for all sales. what amount of net inventory on consignment remains on the balance sheet at the end of the year for fall?
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Fall co. paid $500 in freight-out charges to ship $25,000 of inventory on consignment to rodgers co....
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