Name items which are recorded at the invoice price in the consignment account. Give reasons for consigning the goods at the invoice price.

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Elena Hoffman

Business

17 July, 05:45

Name items which are recorded at the invoice price in the consignment account. Give reasons for consigning the goods at the invoice price.

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Easton Andrews · Answer 1

Invoice price consigning items aims to achieve the following goal: Cost effective pricing with bonus of cost for storage and transport or handling on the immediate purchaser or the end-user. Maximizing the profit with the new sale price for old stock and thereby have a fresh inventory in the seller's warehouse which normally fetch or attract customers in general.