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  3. in the month of march, the inving corporation recl

In the month of March, the Inving Corporation recleved orders of 150,000 units at a...

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Accounting

In the month of March, the Inving Corporation recleved orders of 150,000 units at a price of $25.70 for their product Ignite. Inving uses the accrual method of accounting and offers 30-day credit terms. Inving dellvers 100,000 units in March and the balance of 50,000 units in April. Irving recelved payment for 50,000 units in March, 50,000 units in Aprll, and 50,000 in May.
Given this information, how much revenue is recognized on the March Income Statement from this order? How much revenue is recognized in the April Income Statement?
$1,285,176.93 in March and $1,285,176.93 in April
$2,570,353.86 in March and $0.00 in Aprit
$3,855,530.79 in March and $0.00 in April
$0.00 in March and $3,855,530.79 in April
$2,570,353.86 in March and $1,285,176.93 in April
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