Question

In: Accounting

In the Month of March, Baldwin Corporation received orders of 165 units at a price of...

In the Month of March, Baldwin Corporation received orders of 165 units at a price of $15.00 for their product Buzz. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 110 units in March and the balance of 55 units in April. They received payment for 55 units in March, 55 units in April, and 55 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)
Select: 1
$2,475 , 0
$1,650 , $825
0 , $2,475
$825 , $825

Solutions

Expert Solution

$1,650 , $825
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Please find below the answer
Statementshowing Computations
Paticulars Amount
Revenue to be recognised in March income statement = 110 * 15              1,650.00
Revenue to be recognised in April income statement = 55 * 15                  825.00

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