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b. Eagle Inc sold apparel to customers in May for $80,000. At the point of...

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Accounting

b. Eagle Inc sold apparel to customers in May for $80,000. At the point of sale, Eagle inc. provided customers 800 coupons for 30% of purchases in June and July. The coupon is considered a separate performance obligation. Eaglelnc. estimates the standatone selling price of the apparel to be $80,000 and the standalone selling price of the coupons to be $12,000($30 estimated coupon value 400 coupons expected to be redeemed). Determine the ampunt of revenue that Eagle would record in May for the sale of apparel, and the amount of revenue deferred for the custo mer options (coupon promotion).
Carry all decimals in calculations: round the final answer to the nearest dollar:
Revenue to recognize in May for the sale of apparel s .68000x
Revenue to ceferin May for the cuszmer potons I 24000 x
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