Physical Inventory Count, Ownership of Goods, and Consigned Goods

5. Inventory / Physical Inventory Count, Ownership of Goods, and Consigned Goods / Problem 4

Problem 4

A consignee sells consigned goods for \$10,000 and earns a 15% commission. What is the liability owed to the consignor?

\$0

\$10,000

\$1,500

\$8,500