Cobe Company has manufactured 245 partially finished cabinets at a cost of $61,250. These can be sold as is for $73,500. Instead, the cabinets can be stained and fitted with hardware to make finished cabinets. Further processing costs would be $14,700, and the finished cabinets could be sold for $98,000. (a) Prepare a sell as is or process further analysis of income effects. (b) Should the cabinets be sold as is or processed further and then sold?

\begin{tabular}{|l|l|l|} \hline (a) Sell or Process Analysis & Sell As Is & Process Further \\ \hline Revenue & & \\ \hline Costs & & \\ \hline Income & & \\ \hline Incremental income (loss) to process further & \\ \hline & (b) The company should: & \\ \hline \end{tabular}