and Using Expected Cost plus a Margin Clothing Warehouse Inc. sells men's formal business suits. Clothing Warehouse offers complimentary custom fitting for a purchase made in the store for a business suit with a minimum price of $300. Providing the business suit and providing the fitting service are considered separate performance obligations. Compute the allocated transaction price of a business suit and a custom fitting for the following two separate cases. a. Use the adjusted market assessment approach and assume that Clothing Warehouse Inc.'s direct competitor prices its fitting services for $60 per business suit. The business suit has a standalone selling price of $300. b. Use the expected cost plus a margin approach and assume that the labor and material charges for a fitting are $40 while the typical margin above cost is 35%. The business suit has a standalone selling price of $300. "Carry all decimals in calculations; round the final answer to the nearest dollar. a. Adjusted market assessment approach Performance Transactions Standalone Price Obligations as stated Selling Selling Price Price Ratio $ Total Allocated Transaction Price (rounded) Chiness suit I Fling services b. Expected cost plus a margin approach Transactions Standalone Performance Price Selling Selling Price Obligations as Stated Price Ratio Business suit Fisting services Total Allocated Transaction Price (rounded)