(a)[2]
State two costs, excluding import duties, that a consignee may incur in connection with a consignment.
(b)[8]
Prepare the consignment account as though the revised sales information had been available from the outset.
(c)[4]
Calculate the amount Benny sent to Chin during the year.
(d)[7]
Explain why the loss on consignment changed to a profit even though sales fell. Support your response with relevant profit calculations.
(e)[2]
Explain how your response to (b) would change if 120 units were sold and 44 units were stolen from the warehouse.
(f)[2]
Explain how an auditor’s duties are affected when inventory is held by a consignee.