On August 3, 2012, Grace Electric Supply agreed to manufacture and supply 650 electrical control units for a particular customer who deposited $136,500 toward the purchase price upon signing the one-year purchase agreement, which set the selling price of each control unit at $1,050. In December 2012, 125 units were delivered to the customer and the remaining units were delivered in January 2013. The customer pays in cash upon delivery for any units not covered by the deposit.

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The Answer of On August 3, 2012, Grace Electric Supply agreed to manufacture and supply 650 electrical control units for a particular customer who deposited $136,500 toward the purchase price upon signing the one-year purchase agreement, which set the selling price of each control unit at $1,050. In December 2012, 125 units were delivered to the customer and the remaining units were delivered in January 2013. The customer pays in cash upon delivery for any units not covered by the deposit.

On August 3, 2012, Grace Electric Supply Agreed to Manufacture