On June 3, 2022, CV. Do Fashion consigned 80 clothes, costingRp500,000 each, to PT. Matabulan Tbk. The cost of shipping amounted to Rp100,000 and was paid by CV Do Fashion. On December 30, 2022, a report was received from the consignee, indicating that 30 clothes had been sold for Rp800,000 each and 20 clothes has been sold for 1,000,000 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of Rp200,000. Instructions a. Compute the inventory value of the units unsold in the hands of the consignee. b. Compute the profit for the consignor for the units sold. c. Compute the amount of cash that will be remitted by the consignee.
On June 3, 2022, CV. Do Fashion consigned 80 clothes, costingRp500,000 each, to PT. Matabulan Tbk. The cost of shipping amounted to Rp100,000 and was paid by CV Do Fashion. On December 30, 2022, a report was received from the consignee, indicating that 30 clothes had been sold for Rp800,000 each and 20 clothes has been sold for 1,000,000 each. Remittance was made by the consignee for the amount due after deducting a commission of 6%, advertising of Rp200,000. Instructions a. Compute the inventory value of the units unsold in the hands of the consignee. b. Compute the profit for the consignor for the units sold. c. Compute the amount of cash that will be remitted by the consignee.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:On June 3, 2022, CV. Do Fashion consigned 80 clothes, costingRp500,000 each, to
PT. Matabulan Tbk. The cost of shipping amounted to Rp100,000 and was paid by CV
Do Fashion. On December 30, 2022, a report was received from the consignee,
indicating that 30 clothes had been sold for Rp800,000 each and 20 clothes has been
sold for 1,000,000 each. Remittance was made by the consignee for the amount due
after deducting a commission of 6%, advertising of Rp200,000.
Instructions
a. Compute the inventory value of the units unsold in the hands of the consignee.
b. Compute the profit for the consignor for the units sold.
c. Compute the amount of cash that will be remitted by the consignee.
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