On August 5, 2021, Famous Furniture shipped 40 dining sets on consignment to Furniture Outlet,...
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On August 5, 2021, Famous Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $350 each. The cost of shipping the dining sets amounted to $3,600 and was paid for by Famous Furniture. On December 30, 2021, the cosignee reported the sale of 30 dining sets at $850 each. The consignee remitted payment for the amount due after deducting 6% commission, advertising expense of $600, and installation and setup costs of $780. The amount cash received by Famous furniture is:
a. $25,500.
b. 23,970
c. $22,590
d. $23,370
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