Consignment remains on the balance sheet

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Fall Co. paid $500 in freight-out charges to ship $25,000 of inventory on consignment to Rodgers Co. Rodgers printed and mailed customer promotions for the merchandise at a cost of $250, reimbursable from Fall. At the end of the year, 80% of the inventory was sold for $40,000. The agreement states that commission of 25% will be provided to Rodgers for all sales. What amount of net inventory on consignment remains on the balance sheet at the end of the year for Fall?

Reference no: EM131284777

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