Acompany enters into a contract to sell 70 products to a customer for $80 each. after the company transfers 30 of the 70 products, the customer orders an additional 25 products. the contract is modified, and the additional 25 products are priced at $40 each. what is the price per product for the remaining 65 products (40 products from the original contract and 25 products from the modification)?
a. $80 for the remaining 40 from the original contract and $40 for the additional 25 products from the modification.
b. $60, the average of the prices for the remaining products.
c. $40, the new price for the products specified in the contract modification.
d. $64.62, the blended price for the products from the original contract and the modification.

Due to rapid employee turnover in the accounting department, the following transactions involving intangible assets were improperly recorded by bridgeport corporation. 1. bridgeport developed a new manufacturing process, incurring research and development costs of $195,600. the company also purchased a patent for $45,200. in early january, bridgeport capitalized $240,800 as the cost of the patents. patent amortization expense of $12,040 was recorded based on a 20-year useful life. 2. on july 1, 2017, bridgeport purchased a small company and as a result recorded goodwill of $52,000. bridgeport recorded a half-year’s amortization in 2017, based on a 20-year life ($1,300 amortization). the goodwill has an indefinite life. prepare all journal entries necessary to correct any errors made during 2017. assume the books have not yet been closed for 2017.