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Labs is a wholesaler who sells microscopes for use in high schools to retailers. On August 1 White contracts with the XYZ o sell 1.000 microscopes to XYZ to be del vered September 1 The contract price s set at $370 each with a 10% v unt if sales exceed 2 500 microscopes within the year. The probability o sales exceeding 2,500 microscopes is expected to be 55%. Ignore any constraints on variable consideration. Using the most likely amount approach, the consideration t recognized is estimated to be O A. $37,000 B. $203,500 OC. $333,000 OD. $370,000

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Solution: Answer: C. $333,000 Explanation: Total Consideration (1000*370) Less: 10% Discount Consideration to be recongized i

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