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On August 15,2023, Japan Ideas consigned 770 electronic play syst shipping the play...

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Accounting

On August 15,2023, Japan Ideas consigned 770 electronic play syst
shipping the play systems amounted to $1,100 and was paid by Japai
sting $100 each, to Sheridan Toys Company. The cost of
received from the consignee, reporting that 420 play systems had been sold for $170 each. Remittance was made by the consignee for
the amount due, after deducting a 20% commission.
(a)
Calculate the inventory value of the units unsold in the hands of the consignee at December 31,2023.
Inventory value of the units unsold
PTexthnok and Merlia
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