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Guccii Inc. sells $350,000 of inventory during March 2020 to customers for $500,000. Guccii Inc. accepts re- turns up to 3 months after the date

Guccii Inc. sells $350,000 of inventory during March 2020 to customers for $500,000. Guccii Inc. accepts re-

turns up to 3 months after the date of purchase. Based on historical trends, 10% of inventory that Guccii Inc. sells

is returned. Determine revenue to be recognized during March 2020.

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