Sycamore enters into a contract with a customer to sell three products for a total transaction price

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Sycamore enters into a contract with a customer to sell three products for a total transaction price of $ 15,000. Each product is appropriately classified as a separate performance obligation. Sycamore only sells products A and B 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.
Sycamore enters into a contract with a customer to sell

How should Sycamore allocate the transaction price to the three products using the adjusted market assessment approach?

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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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