The cost of recovering the products will be immaterial

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Question: On March 10, 2025, Pharoah Company sold to Coronado hardware 200 tool sets at a price of $47 each (cost $28 per set) with terms of n/60, f.o.b. shipping point. Pharoah allows Coronado to return any unused tool sets within 60 days of purchase. Pharoah estimates that (1) 10 sets will be returned. (2) the cost of recovering the products will be immaterial, and (3) the returned tools sets can be resold at a profit. On March 25,2025, Coronado returned 6 tool sets and received a credit to its account.

Reference no: EM133380140

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