FIT VIROS RACK NEXT uestion 2 April 1. Heavy Metal Corp. consigned 50 handcrafted benches to Disco Co. Heavy Metal's cost was $350 per bench. Total freight costs were $700, which were paid by Disco. On August 1. Heavy detal received a cheque for $14,100 from Disco which included the following information: $700 Number of units sold: Expenses deducted: Freight: Commission (20% of sales price) Advertising Delivery $450 $290 The inventory of benches will be reported on whose statement of financial position and at what amount? Heavy Metal's statement of financial position, $10,500 Disco's statement of ancial position $10.500 Disco's statement of financial position, $10.920 Heavy Metal's statement of financial position, $10,920 Question Attempts of used LATTE BURRIT ANSWER S e m Announcements BACK Question 1 NEXT A product and service are bundled together and sold to customers for $450. The fair values of the product and service are $350 and $150 respectively. Under the residual method, how much would be allocated to the product? $388.89 $350.00 $300.00 $150.00 Question Attempts: 0 of 1 used