Question: E 1 8 - 1 2 ( LO 3 ) ( Allocate Transaction Price ) Shaw Company sells goods that cost $ 3 0 0

E18-12(LO3)(Allocate Transaction Price) Shaw Company sells goods that cost $300,000 to Ricard Company for $410,000 on January 2,2017. The sales price includes an installation fee, which has a standalone selling price of $40,000. The standalone selling price of the goods is $370,000. The installation is considered a separate performance obligation and is expected to take 6 months to complete.
E18-12(LO3)(Allocate Transaction Price) Shaw Company sells goods that cost $300,000 to

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