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What amount of consignment sales revenue should be reported

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Consignment

Regal Appliances consigned 60 television sets to Gal Company on January 1, 2020 for sale at P10,800 each and paid P10,000 transportation costs. At the end of the month, Gal reported sale of 25 television sets and remitted P243,000 which is net of ten percent commission.

Problem 1: What amount of consignment sales revenue should be reported by Regal? Present solutions in good accounting form.

Reference no: EM132945087

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