Meyer & Smith is a full-service technology company. They provide equipment, installation services as well as training. Customers can purchase any product or service separately or as a bundled package. These items are distinct and not interdependent. Ivanhoe Corporation pur computer equipment, installation and training for a total cost of $129,600 on March 15, 2018 Estimated standalone fair values of the equipment, installation, and training are $75,000, $48,000 21. respectively. The transaction price allocated to equipment, installation and training i and $21,000 a. b. c. d. $129,600 for the entire bundle $67,500, $43.200 and $18,900 respectively $75,000, $48,000, and $21,000 respectively $43,200, $43,200, and $43,200 respectively On December 1, 2017, Alt Department Store received 505 sweaters on consignment from Todd Todd's cost for the sweaters was $80 each, and they were pri 22. ced to sell at $100. Alt's commission nsignedgoods is 100%. December 31, 2017, five sweaters remained. In its December 31, balance sheet, what amount should Alt report as payable for consigned goods? 2017, a. $45,400 b. $45,000 c. $40,400 d. $49,000 23. Oriole Choice sells natural supplem not satisfied. The sales returns period extends 60 days. On February 10, 2018, a customer purchases $4,300 of products (cost $2,150). Assuming that based on prior experience, estimate returns are 10%. The journal entry to record the actual return of $280 of merchandise on February 20, 2018 includes a ents to customers with an unconditional sales return if they are a. credit to Allowance for Sales Returns for $280. b. debit to Returned Inventory for $140. c. credit to Returned Inventory for $140. d. debit to Estimated Inventory Returns for $140