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Iria Perfume, Incorporated, sold 3,120 boxes of white musk soap during January of 2024 at the price of $50 per box. The company ffers a
Iria Perfume, Incorporated, sold 3,120 boxes of white musk soap during January of 2024 at the price of $50 per box. The company ffers a full refund to unsatisfied customers for any product returned within 30 days from the date of purchase. Based on historical xperience, Aria expects that 4% of sales will be returned. How many performance obligations are there in each sale of a box of soap? How much revenue, sales returns, and net revenue shoul tria recognize in Januarv
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