Business, 16.07.2019 17:20 gloriuos3841

Sunland appliance co. manufactures low-price, nofrills appliances that are in great demand for rental units. pricing and cost information on sunland’s main products are as follows. item standalone selling price (cost) refrigerator $500 ($260 ) range 550 (280 ) stackable washer/dryer unit 710 (390 ) customers can contract to purchase either individually at the stated prices or a three-item bundle with a price of $1,800. the bundle price includes delivery and installation. sunland also provides installation (not a separate performance obligation). respond to the requirements related to the following independent revenue arrangements for sunland appliance co. on june 1, 2017, sunland sold 90 washer/dryer units without installation to laplante rentals for $63,900. laplante is a newer customer and is unsure how this product will work in its older rental units. sunland offers a 60-day return privilege and estimates, based on prior experience with sales on this product, 4% of the units will be returned. prepare the journal entries for the sale and related cost of goods sold on june 1, 2017.

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Sunland appliance co. manufactures low-price, nofrills appliances that are in great demand for renta...

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