The September 23, 1994, edition of The Wall Street Journal includes an article entitled CompUSA Auctions Notebook

Question:

The September 23, 1994, edition of The Wall Street Journal includes an article entitled "CompUSA Auctions Notebook Computers Through Bulk Sale."

\section*{Instructions}

Read the article and answer these inventory-related questions:

(a) At what amount did CompUSA estimate the retail value of the computers? What was the estimate made by one of the bidders?

(b) What was wrong with the computers?

(c) What were the rules of the auction as specified by CompUSA?

(d) CompUSA had just recorded a $\$ 3$ million inventory write-down in the preceding quarter. Based on the information in the article, does it appear that additional write-downs were called for?

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