Question: Current Attempt in Progress In September 2 0 X 1 , Pinkston's Promotional Products contracted to sell 5 0 0 engraved insulated tumblers to The
Current Attempt in Progress
In September X Pinkston's Promotional Products contracted to sell engraved insulated tumblers to The Hampton Hotel for $ $ per tumbler Pinkston's cost for each tumbler is $ One hundred tumblers are to be delivered to Hampton each month beginning October X On November after have been delivered, the contract is modified. Pinkston commits to delivering an additional products for an additional $ $ per tumbler If the contract modification does not result in a separate performance obligation, how is revenue from the delivery of the tumblers recognized in November?
The revenue for the tumblers delivered in November is calculated using the original contract price.
The revenue for the tumblers delivered in November is calculated using a blended price of the original contract and the price of the contract modification.
The revenue for the tumblers delivered in November is calculated using the selling price specified in the contract modification.
The revenue for the tumblers delivered in November is calculated using the average of the original selling price and the standalone price in the contract modification.
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