1 pts U Question 12 Reiter Co. signs a contract to provide three different products to a customer for a total transaction price of $750,000. Each product represents a separate performance obligation. Reiter Co. only sells two of the three products on an individual basis so it must estimate the standalone selling price for the third product. Reiter Co's cost accountants are able to forecast the cost of each product. Reiter Co. has also scanned its competitors' prices to determine their prices. The information about these three products is provided in the following table: Product Standalone Selling Price Forecasted Cost Market Competition Price A $250,000 $125,000 $240,000 B $450,000 $200,000 $365,000 C Not Available $50,000 $100,000 Total $375,000 $705,000 Not Available $50,000 $100,000 Total $375,000 $705,000 What is the standalone selling price of product C using the residual approach? O $25,000 O $50,000 O $106,383 O $100,000