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How much revenue should pharoah recognize during may

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Reference no: EM132946447

Problem 1: Pharoah Company purchased 20 calculators for $20 each, one-half on May 14, and the other half on May 22, all on account. Pharoah sold 18 of the calculators on May 25 for $30 each. It received payment for 6 of them on May 30 and payment for the other 12 on June 4. Pharoah paid the supplier for 5 of the calculators on May 21. How much revenue should Pharoah recognize during May?

A) $180
B) $540
C) $360
D) $270

Reference no: EM132946447

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