Cobe Company has manufactured 205 partially finished cabinets at a cost of $51,250. These can be sold as is for $61,500. Instead, the cabinets can be stained and fitted with hardware to make finished cabinets. Further processing costs would be $12,300, and the finished cabinets could be sold for $82,000.

1. Prepare a sell as is or process further analysis of income effects
2. Should the cabinets be sold as is or processed further and then sold?