Mitchners Inc. provided 80 items of product to Weller Inc. for sale to its customers. Mitchners Inc. retains title to the products until they are scanned at the register of Weller Inc. upon sale to its customer. At that time, Weller Inc. is obligated to pay Mitchners Inc. for the cost of the product ($5 per unit). Any unsold products may be returned to Mitchners Inc. In addition, Mitchners Inc. may call back or transfer unsold products to another Weller. Assume that 80 units of product were transferred on March 1 to Weller Inc.; 10 units of product were sold for $9 each to Weller Inc.'s customers on March 3; and 8 units of product were sold to Weller Inc.'s customers for $9 each on March 4. On March 5, Weller Inc. electronically transferred payment to Mitchners Inc. for sales to date.

What dollar amount of revenue would Mitchners Inc. and Weller Inc. recognize on the following dates?

Answer rating: 100% (QA)

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