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Should the manufacturer account for the modification

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Beg Bhd a ladies' handbag manufacturer enters into an arrangement with Ladies Sdn Bhd to sell 100 items of goods (ladies' handbag) for RM20,000 each. The goods are distinct and are transferred to Ladies Sdn Bhd over a three-month period. The parties modify the contract in the second month to sell an additional 20 handbags for RM170 each. The price of additional handbags represents the standalone selling price on the modification date.

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Problem 1: Should the manufacturer account for the modification as a separate contract? Discuss.

Reference no: EM132773080

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