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Ginger Ltd is marketing a surfing bundle in which, for $2200, it provides customers with a surfboard (which retails separately for $1700), a wetsuit (which

Ginger Ltd is marketing a surfing bundle in which, for $2200, it provides customers with a surfboard (which retails separately for $1700), a wetsuit (which retails separately for $500) and five lessons (which retail separately for $400). You are required to determine: a) Whether separate performance obligations exist, and to explain why you made this judgement. b) How much of the transaction price to allocate to each performance obligation?

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