Relevant costs Gilmark Company has 10,000 obsolete lamps carried in inven tory at a cost of $12

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Relevant costs Gilmark Company has 10,000 obsolete lamps carried in inven¬ tory at a cost of $12 each. They can be sold as they are for $4 each. They can be reworked, however, at a total cost of $55,000 and sold for $10 each. Determine whether it is worthwhile to rework these lamps.

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Management Accounting

ISBN: 9780130101952

3rd Edition

Authors: Anthony A. Atkinson, Robert S. Kaplan, S. Mark Young, Rajiv D. Banker, Pajiv D. Banker

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