Exercise 10-3 (Algo) Sell or process LO P2Cobe Company has manufactured 290 partially finished cabinets at a cost of $72,500. These can be sold as is for $87,000. Instead, the cabinets can be stained and fitted with hardware to make finished cabinets. Further processing costs would be $17,400, and the finished cabinets could be sold for $116,000.(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?

Exerclse 10-3 (Algo) Sell or process LO P2 Cobe Company has manufactured 290 partially finished cabinets at a cost of $72,500. These can be sold as is for $87,000. Instead, the cabinets can be stained and fitted with hardware to make finished cabinets. Further processing costs would be $17,400, and the finished cabinets could be sold for $116,000. (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