1. SLM Manufacturing Corp. consigned ten refrigerators to JAL Co.

These refrigerators had a cost of

P9,000 each. Freight on the shipment was paid by SLM in the amount of P6,000. JAL submitted an
account sales stating that it had sold six refrigerators and remitted the P68,250 balance due to SLM
after deducting 15% commission, P4,500 marketing expenses, P3,000 delivery and installation of items
sold, and P750 cartage cost paid upon receipt of consignment.

● The consignee sold the six refrigerators for a total of _______.

90000

● The commission earned on the sale of the six refrigerators by JAL amounted to _______.
13500

● The consignor’s net profit from the sale of the consigned goods was _______.
10950

2. Data pertaining to the consigned goods by QQQ, Inc. appear below:

Jan. 3 Shipped 12 sets 8,400

Freight on consigned goods 720

Jan. 31 Sales, 9 sets 10,800

Charges by the consignee:

Delivery expense 450

Commission (20%) 2,160

Advertising 500

● The amount of the consignee remittance was _______.

7690

● The net income realized by QQQ, Inc. on the consignment during the month was _______.
850

● The inventory of the consigned goods was _______.

2280

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