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How much revenue should berry farm recognize

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Berry Farm produces organic tomatoes and strawberries. In June 2021, it transported 105 boxes of strawberries with a price of $19 per box to the Bay Farmers' Market. Berry Farm paid an upfront fee of $140 to present its products at the market for one week, and the market earns a 30% profit margin on each item sold, but Berry Farm is responsible for any items that remain unsold at the end of the week.

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Problem 1: The market was able to sell 65 boxes of strawberries to customers. How much revenue should Berry Farm recognize with respect to this transaction?

Reference no: EM132815242

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