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How do solve inventory value of units unsold in hands

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On August 15, 2020. Japan Ideas consigned 750 electronic play systems, costing $100 each, to Yo Yo Toys Company. The cost of shipping the play systems amounted to $1,500 and was paid by Japan Ideas. On December 31, 2020. an account sales summary was received from the consignee, reporting that 420 play systems had been sold for $130 each. Remittance was made by the consignee for the amount due, after deducting a 20% commission.

Problem 1: Calculate the inventory value of the units unsold in the hands of the consignee at December 31, 2020

Reference no: EM132689586

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