On January 1, 20x1, Pete Electrical Shop received from Marion Trading 300 pieces of bread toasters. Pete was to sell these on consignment at 50% above original cost, for a 15% commission on the selling price. After selling 200 pieces, Pete had the remaining unsold units repaired for some electrical defects for which he spent P2,000. Marion subsequently increased the selling price of the remaining units to P330 per unit. On January 31, 20x1, Pete remitted P64,980 to Marion after deducting the 15% commission, P850 for delivery expenses of sold units, and P2,000 for the repair of 100 units. The consigned goods cost Marion Trading P200 per unit, and P900 had been paid to ship them to Pete Electrical Shop. All expenses in connection with the consignment were reimbursable to the consignee. How much is the Consignment Sale? 67,830 64,980 79,800 78,005

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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M Inbox - 2193565@slu.edu.ph - Sa x
A Midterms Part 2
E 131 MIDTERMS PART 2
b My Questions | bartleby
A docs.google.com/forms/d/e/1FAlpQLSe94FpCNY14R-JRUFCTTJ60E-Bht7bh1TeDti6nFO0x17GoQg/viewform?hr_submission=Chkl7fXk2cgBEhAlts6E7q4GEgcllbP3ntoDEAE
On January 1, 20x1, Pete Electrical Shop received from Marion Trading 300 pieces
of bread toasters. Pete was to sell these on consignment at 50% above original
cost, for a 15% commission on the selling price. After selling 200 pieces, Pete had
the remaining unsold units repaired for some electrical defects for which he
spent P2,000. Marion subsequently increased the selling price of the remaining
units to P330 per unit. On January 31, 20x1, Pete remitted P64,980 to Marion
after deducting the 15% commission, P850 for delivery expenses of sold units,
and P2,000 for the repair of 100 units. The consigned goods cost Marion Trading
P200 per unit, and P900 had been paid to ship them to Pete Electrical Shop. All
expenses in connection with the consignment were reimbursable to the
consignee. How much is the Consignment Sale?
67,830
64,980
O 79,800
O 78,005
The consignee maintains an account called Consignment In. The following
transactions will require a debit to this account, except:
O Remittances to the consignor
9:07 AM
P Type here to search
口
ENG
16 Nov 2020
Transcribed Image Text:M Inbox - 2193565@slu.edu.ph - Sa x A Midterms Part 2 E 131 MIDTERMS PART 2 b My Questions | bartleby A docs.google.com/forms/d/e/1FAlpQLSe94FpCNY14R-JRUFCTTJ60E-Bht7bh1TeDti6nFO0x17GoQg/viewform?hr_submission=Chkl7fXk2cgBEhAlts6E7q4GEgcllbP3ntoDEAE On January 1, 20x1, Pete Electrical Shop received from Marion Trading 300 pieces of bread toasters. Pete was to sell these on consignment at 50% above original cost, for a 15% commission on the selling price. After selling 200 pieces, Pete had the remaining unsold units repaired for some electrical defects for which he spent P2,000. Marion subsequently increased the selling price of the remaining units to P330 per unit. On January 31, 20x1, Pete remitted P64,980 to Marion after deducting the 15% commission, P850 for delivery expenses of sold units, and P2,000 for the repair of 100 units. The consigned goods cost Marion Trading P200 per unit, and P900 had been paid to ship them to Pete Electrical Shop. All expenses in connection with the consignment were reimbursable to the consignee. How much is the Consignment Sale? 67,830 64,980 O 79,800 O 78,005 The consignee maintains an account called Consignment In. The following transactions will require a debit to this account, except: O Remittances to the consignor 9:07 AM P Type here to search 口 ENG 16 Nov 2020
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