8.a

8.b

On April 1, Home Design Ltd. consigned 50 desk to Furniture Co. Home Design's cost was $ 350 per desk. Total freight costs were $ 700, which were paid by Furniture. On August 1, Home Design received a cheque for $ 14,100 from Furniture which included the following information: Number of units sold:.. 20 Expenses deducted: Freight:......... $ 700 Commission (20% of sales price)... ? Advertising.. $ 450 Delivery $ 290 Under IFRS, total sales for Home Design Ltd. were $ 15,540. $ 18,550 Os 19,060 Os 19,425. none of the above. Manson Construction Corp. has consistently used the percentage-of-completion method. In 2020, Manson started work on a $ 10,500,000 construction contract that was completed in 2021. The following information was taken from Manson's 2020 accounting records: Billings to date $ 3,300,000 Costs incurred 2,100,000 Collections to date 3,100,000 Estimated costs to complete.. 11,900,000 Under the percentage-of-completion method, what amount of gross profit should Manson recognize in 2020 on this contract? $ 1,575,000 gain $ 350,000 gain $ 525,000 loss $ 3,500,000 loss