Cullumber Company sells goods that cost $456,000to ToyCo Company for $591,000on January Z 2025 on account. The sales price includes an installation fee, which is valued at $57,000.

 Cullumber Company sells goods that cost $456,000to ToyCo Company for $591,000on January Z 2025 on account. The sales price includes an installation fee, which is valued at $57,000. The fair value of the goods is $534,000. The installation is considered a separate performance obligation and is expected to take 6 months to complete.

 

Solution

thx