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Business, 06.05.2021 19:10 mooncake9090

On August 5, 2021, Sheridan Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $400 each. The cost of shipping the dining sets amounted to $1820 and was paid for by Sheridan Furniture. On December 30, 2021, the consignee reported the sale of 30 dining sets at $900 each. The consignee remitted payment for the amount due after deducting a 6% commission, advertising expense of $650, and installation and setup costs of $830. The total profit on units sold for the consignor is

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On August 5, 2021, Sheridan Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc...
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