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Compute the total profit on units sold for the consignor

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Question - On August 5, 2018, Sheridan Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $400 each. The cost of shipping the dining sets amounted to $1820 and was paid for by Sheridan Furniture. On December 30, 2018, the consignee reported the sale of 30 dining sets at $900 each. The consignee remitted payment for the amount due after deducting a 6% commission, advertising expense of $650, and installation and setup costs of $830. Compute the total profit on units sold for the consignor?

Reference no: EM132534021

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