At the beginning of 2020, Dash Company began marketing a new beer called SoBeer. To...
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At the beginning of 2020, Dash Company began marketing a new beer called SoBeer. To help promote the product, the management is offering a special SoBeer mug to each customer for every 20 specially marked bottle caps of SoBeer. Dash estimated that out of the 300,000 bottles of SoBeer sold during the year, only 50% of the marked bottle caps would be redeemed. During the year, the entity purchased 8,000 beer mugs at a total cost of P 360,000, and already distributed 4,500 mugs to customers.
How much is the premium liability at year end? ______________
How much is the cost per mug? _____________
Beer mugs outstanding at year end _________________
Cost of Beer Mugs already distributed ___________________
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