1. CWB offers bike tune-ups for $80 each. CWBs employee is an expert tune-ups, taking about one hour per bike for a tune-up. Below is the number of tune-ups performed in each month. All customers pay in cash. (For recording the transactions, you can assume all tune-ups are done the last day of the month).

Month	Number of Tune-Ups
January	16
February	32
March	45

2. CWB has the following purchases and sales of standard bikes during the quarter+:

Date	Transaction	Quantity	Cost per Bike
Beginning Inventory		26	$112
January 25	Sale	12
February 8	Purchase	32	$114
February 14	Sale	18
February 27	Sale	15
March 2	Purchase	26	$120
March 17	Sale	22

+All purchasers of standard bikes are given the option of buying a bike for $400, or a bike with two years of tune-ups for $500. Four of the bikes sold on February 21^st were sold with the tune-up option.

**All purchases were made using cash except the March 2nd purchase for which CWB obtained two-months credit from the bike supplier.

Revenue Recognition Questions -

1. What is the total amount of the tune-up revenue for the three months ending March 31, 2019?
2. For one bike sold with the tune-up option on February 21^st, what is the amount of the transaction price allocated to bike sales? Make your allocation using the standalone selling prices for the tune-ups and the bike.
3. For one bike sold with the tune-up option on February 21^st, what is the amount of the transaction price allocated to tune-ups? Make your allocation using the standalone selling prices for the tune-ups and the bike.
4. What is the total sales revenue for bike sales for the three months ending March 31, 2019?
5. What is the total unearned revenue for tune-ups at March 31, 2019?
6. Describe CWBs accounting policy for revenue from bike sales and for revenue from tune-ups.