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Posted on Jul 20, 2024

In August 2021. Commonlo Corp. commits to selling 100 of its merchandise to M&H Co. for P30,000 (P300 per product). The merchandise is to be

In August 2021. Commonlo Corp. commits to selling 100 of its merchandise to M&H Co. for P30,000 (P300 per product). The merchandise is to be delivered to M&H over the next 6 months. After 60 merchandises were delivered, the contract is modified and Commonio promises to deliver 80 more products for an additional P21.600 (P270 per station. At year-end, Commonlo delivered an additional 90 products. All sales are cash on delivery

How much revenue will be recognized on the contract for the year 2021?

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