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On August 5, 2018, Cullumber Furniture shipped 40 dining sets on consignment to Furniture Outlet,...

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Accounting

On August 5, 2018, Cullumber Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $240 each. The cost of shipping the dining sets amounted to $1690 and was paid for by Cullumber Furniture. On December 30, 2018, the consignee reported the sale of 30 dining sets at $740 each. The consignee remitted payment for the amount due after deducting a 6% commission, advertising expense of $490, and installation and setup costs of $670. The total profit on units sold for the consignor is Answers:

 $18018.

$19708.

$11241.

$12508.

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