Reference no: EM133035724

Question - Part 1 - Palaban company consigned 4,800 medical equipment costing 90 and retailing for 3,000 each to Masigla Company freight cost of 4,800 was paid as freight expenses by the consignor. After a month, Palaban Company received 213,030 in full settlement of the balance due. The consignor deducted a commission of 600 for each equipment sold, 270 for delivery expense and 300 for advertising expense. How many medical equipment were sold?

Part 2 - Basti Co. delivered 150 portable gas stoves to Sarah Co. on consignment. These stoves cost P2,700 each and could be sold for P4,500. The consignee is to be allowed a commission of 15% of the selling price. The agreement for the consignment contract stated that Basti Co. would draw a sight draft on the consignee for 60% of the cost of the stoves and the advance shall be recovered periodically by monthly deductions (in proportion to units sold) from the remittances which accompany the account sales. All expenses of the consignee are to be deducted monthly as incurred. The consignee rendered an Account Sales at the end of the first month showing among others, the following information: Advertising P6,750; Delivery Expense P3,375 and Commission P10,135. How much is the amount remitted by Sarah Co to Basti Co for the first month?