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How much is the consignment profit

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Question - The consignment out account has a total debit of P40,000 and a credit total of P50,000 before the inventoriable costs were determined. If the total inventoriable costs is P7,500, how much is the consignment profit?

a. 17,500 profit

b. 17,500 loss

c. 2,500 profit

d. 2,500 loss

Reference no: EM133183417

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