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Exercise 14-35 Obsolete Inventory (LO 14-4, 14-5) [The following information applies to the questions displayed below.] Armstrong Corporation manufactures bicycle parts. The company currently has
Exercise 14-35 Obsolete Inventory (LO 14-4, 14-5) [The following information applies to the questions displayed below.] Armstrong Corporation manufactures bicycle parts. The company currently has a $18,700 inventory of parts that have become obsolete due to changes in design specifications. The parts could be sold for $6,500. or modified for $9,300 and sold for $20.100. Exercise 14-35 Part 2 2-a. Calculate the benefit under each alternative for disposing of the obsolete parts. 2-b. How should the obsolete parts be disposed? Complete this question by entering your answers in the tabs below. Reg 2A Req 2B Calculate the benefit under each alternative for disposing of the obsolete parts. Benefit if parts are sold without modification Net benefit if parts are sold after being modified Reg 2A Reg 2B How should the obsolete parts be disposed? How should the obsolete parts be disposed
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