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How much revenue should be recorded by FD

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Question - On June 1, Freedom Distributions (FD) shipped 100 TVs to Universal TV (UTV) on consignment. FD buys these TVs from their supplier for $600 each and UTV then retails them for $1,200 each. By the end of June, UTV reported that they had sold 60 of these consigned TVs, retains a 10% commission, and remitted the appropriate amount to FD. How much revenue should be recorded by FD in connection with this transaction?

Reference no: EM132813796

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