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GLK supplies laptop computers to large business. On 1 July 2 0 2 4 : GLK entered into a contract with Chilli, under which Chilli

GLK supplies laptop computers to large business.
On 1 July 2024: GLK entered into a contract with Chilli, under which Chilli was to purchase laptop at $500/unit.
The contract states that if TrillCo purchases more than 500 laptops in a year, the price per unit is reduced retrospectively to $450/unit. GLK year end is 30 June.
As at 30 September 2024, Chilli had bought 70 laptops from GLK.
=> GLK therefore estimated that Chillis purchases would not exceed 500 units in the year to 30 June 2025
=> Chilli would therefore not be entitled to the volume discount.
During the quarter ended 31 December 2024, Chilli expanded rapidly as a result of a substantial acquisition, and purchased an additional 250 laptops from GLK.
=> GLK then estimated that Chillis purchases would exceed the threshold for the volume discount in the year to 30 June 2025.
Required:
Record revenue at the period of quarter ended 30 September 2024
Record revenue at the period of quarter ended 31 December 2024

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