Exercise 23-3 (Algo) Sell or process LO P2 Cobe Company has manufactured 270 partially finished cabinets at a cost of $67,500. These can be sold as is for $81,000. Instead, the cabinets can be stained and fitted with hardware to make finished cabinets. Further processing costs would be $16,200, and the finished cabinets could be sold for $108,000. (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? Answer is complete but not entirely correct. Process (a) Sell or Process Analysis Sell As Is Further Revenue $ 81,000 $ 108,000 Costs 67500 X 83,700 X Income $ 13,500 X 24,300 X Incremental income (loss) to process further 10,800 (b) The company should: Process further