Caine Corp. has 350 units of an old product in inventory that originally cost $95,000 to manufacture. The 350 units could be sold as scrap to a buyer in Scotland for $52,000 minus the transportation cost of $16 per unit. Alternatively, the 350 units of inventory could be sold here in the USA for $70,000 if it is processed further at an additional cost. Caine processes the old inventory further and sells it in the USA. That decision results in an increase in Caines net income of $12,000. Calculate the additional processing cost of the old inventory (round to nearest $1).

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