The Consignment Out account of Jackie Department Store is shown below: CONSIGNMENT OUT For goods shipped to consignee: For account sales by consignee: Cost of 24 pcs. Boys’ clothes ₱ 4,800 20 pcs....


The Consignment Out account of Jackie Department Store is shown below:



















































CONSIGNMENT OUT



For goods shipped to consignee:



For account sales by consignee:



Cost of 24 pcs. Boys’ clothes



₱ 4,800



20 pcs. Boys’ clothes



₱ 6,300



Cost of 48 pcs. underwear



    7,680



30 pcs. underwear



   7,500











Freight and handling costs:









Boys’ clothes



    1,080







Underwear



    2,000








The commission on both types of goods was 15% of the selling price. All of the account sales were accompanied by checks for correct amounts. There is one account sale on hand which had not been recorded on the books of Jackie. It shows that no consigned goods had been sold but the freight and handling costs of P150 applicable to underwear had been incurred by the consignee.
Compute the amount to be remitted by the consignee. Compute for the consignment profit



Please show your good accounting form for the solution. Thank you!



Jun 09, 2022
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