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  3. aria perfume, inc., sold 2,280 boxes of white musk

Aria Perfume, Inc., sold 2,280 boxes of white musk soap during January of 2021 at...

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Accounting

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Aria Perfume, Inc., sold 2,280 boxes of white musk soap during January of 2021 at the price of $80 per box. The company offers a full refund to unsatisfied customers for any product returned within 30 days from the date of purchase. Based on historical experience, Aria expects that 1% of sales will be returned. How many performance obligations are there in each sale of a box of soap? How much revenue should Aria recognize in January? Number of performance obligations in the contract January revenue

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