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What amount of revenue is recognized by the Jasper

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Question - On December 12, Year 1, Jasper engines sold 100 engines to a Burn'em Up for $300 each. The cost of each engine is $110. Jasper allows customers to return any unused engine within 3 months and receive a full refund. Jasper uses the expected value method to estimate the variable consideration. Based on the Jasper's experience and other relevant factors, it reasonably estimates that 5 machines (3 in Year 1 and 2 in Year 2) will be returned. What amount of revenue is recognized by the Jasper from the sale of these engines on December 12, Year 1.

A. $29,400

B. $30,000

C. $28,500

D. $29,100

Reference no: EM132963557

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