On august 5 2018 famous furniture shipped 40 dining sets on


Question - On August 5, 2018, Famous Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $350 each. The cost of shipping the dining sets amounted to $1,800 and was paid for by Famous Furniture. On December 30, 2018, the consignee reported the sale of 30 dining sets at $850 each. The consignee remitted payment for the amount due after deducting a 6% commission, advertising expense of $600, and installation and setup costs of $780. The total profit on units sold for the consignor is

A) $22,590

B) $10,290

C) $12,090

D) $19,890

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Accounting Basics: On august 5 2018 famous furniture shipped 40 dining sets on
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