View Policies Show Attempt History Current Attempt in Progress Windsor Inc. has a customer loyalty program that rewards a customer with one customer loyalty point for every $100 of purchases. Each point is redeemable for a $3 discount on any future purchases. On July 2, 2020, customers purchase products for $510,000 (with a cost of $290.700) and earn 5.100 points redeemable for future purchases. Windsor expects 4,250 points to be redeemed (based on its past experience, which is predictive of the amount of consideration to which it will be entitled). Windsor estimates a stand-alone selling price of $2.50 per point (or $10,625 total) on the basis of the likelihood of redemption. The points provide a material right to customers that they would not receive without entering into a contract. As a result, Windsor concludes that the points are a separate performance obligation. Ac Q X Your answer is incorrect. Determine the transaction price for the product and the customer loyalty points. (Round percentage allocations to 2 decimal places, eg. 52.75 and final answers to 0 decimal places, eg. 5,275.) Product Loyalty Points Transaction price 275119 $ 6881