ry 1, 2023, Pharoah Ltd. sold on account 1,300 units of its product for a total price of $537,000 and a cost of $467,000. have a one-year assurance-type warranty and Pharoah estimates that the cost will be $22,400. By the company's year- er 31, 2023, actual warranty costs related to the products sold was $18,600, paid in cash. On July 10,2023 , Sandhill Ltd. sold GPS systems to retailers on account for a selling price of $780,000 (cost $624,000 ). Sandhill grants the right to return systems that do not sell in three months following delivery. Past experience indicates that the normal return rate is 15%. By October 11, 2023, following the collection on account, retailers returned systems to Sandhill and were granted credits of $74,000. The company follows IFRS 
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