Sycamore Sidewalk Company enters into a contract with a customer to sell three products for a total transaction price of $ 15,000. Sycamore only sells bricks and stones on an individual basis so it must estimate the standalone selling price for cement. Information related to these three products is provided in the following table.
Product Standalone Selling Price
Bricks ………………………. $ 6,200
Stones ………………………. $ 8,000
Cement………………………. $ 3,000
How should Sycamore Sidewalk Company allocate the transaction price to the three products?