Oriole Windows manufactures and sells custom storm windows for porches. Oriole also provides installation service for the windows.

The installation process does not involve changes in the windows, so this service can be performed by other vendors. Oriole enters

into the following non$-$cancellable contract on July $1,2023,$ with a local homeowner. The customer purchases windows for a price of

$$2,500$ and chooses Oriole to do the installation. Oriole charges the same price for the windows regardless of whether it does the

installation or not. The price of the installation service is estimated to have a fair value of $$621.$ The customer pays Oriole $$2,079$

$($which equals the fair value of the windows, which have a cost of $$1,300)$ on delivery and the remaining balance on installation of the

windows. The windows are delivered on September $1,2023,$ Oriole completes installation on October $15,2023,$ and the customer

pays the balance due.

Using the five$-$step process for revenue recognition, determine when and how much revenue would be recognized by Oriole. Assume

Oriole follows IFRS. $($Round percentage allocations to $2$ decimal places, $15\mathrm{.}25\%$ and final answers to $0$ decimal places, e$.$g$.5,275.)$

Performance Obligation

Window delivery

Installation

Total

When?

How much?