A product and service are bundled together and sold to customers for $450. The fair values of the product and service are $300 and $100 respectively. Under the relative fair value method, how much would be allocated to the product? $82.50 $175.00 $262.50 $337.50 Under the earnings approach, if a company sells its product but gives the buyer the right to return the product, revenue from the sales transaction should be recognized at the time of sale if: The market for returnable goods is untested. The amount of goods returned is likely to be high. The amount of future returns can be reasonably estimated There is a transfer of the risks and rewards of ownership