QUESTION 69 Allocating transaction price – allocating a discount Retailer enters into an arrangement with its customer to sell a chair, a couch, and a table for $ 5,400. Retailer regularly sells each product on a standalone basis: the chair for $ 2,000, the couch for $3,000, and the table for $ 1,000. The customer receives a $ 600 discount ($ 6,000 sum of standalone selling prices less $5,400 transaction price) for buying the bundle of products. The chair and couch will be delivered on March 28 and the table on April 3. Retailer regularly sells the chair and couch together as a bundle for $ 4,400 (that is, at a $ 600 discount to the standalone selling prices of the two items). The table is not normally discounted. How should Retailer allocate the transaction price to the products?