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Problem1 : On November 30, 20x1, Northup Co. consigned 90 freezers to Watson Co. for sale at ?1,600 each and paid ?1,200 in transportation costs. A report of sales was received on December 30, 20x1 from Watson reporting the sale of 20 freezers, together with a remittance that was net of the agreed 15% commission. How much, and what month, should Northup recognize as sales revenue? (with solutions)
November December
a. 0 32,000
b. 0 27,200
c. 144,000 0
d. 142,800 0
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