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Crane Company has old inventory on hand that cost $7500. Its scrap value is $10000. The inventory could be sold for $25000 if manufactured further

Crane Company has old inventory on hand that cost $7500. Its scrap value is $10000. The inventory could be sold for $25000 if manufactured further at an additional cost of $7500. What should Crane do? Entry field with incorrect answer Hold the inventory at its $7500 cost Manufacture further and sell it for $25000 Sell the inventory for $10000 scrap value Dispose of the inventory to avoid any further decline in valu

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