On April 15, Topper Company agrees to a contract to sell 9,000 tie-dyed flags for...
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On April 15, Topper Company agrees to a contract to sell 9,000 tie-dyed flags for $45,000 to PeaceTime, Inc. On August 1, after 5,000 flags have been delivered, Topper and Peace modify the agreement to sell an additional 6,000 flags for $21,000 which is significantly lower than Topper's stand-alone selling price at that time. During August, Topper delivers 1,000 flags. How much revenue will Topper recognize for the month of August?
A) $4,400
B) $4,250
C) $4,100
D) $5,000
I also need to to see the work solution for this problem. Thank you!
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