Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Im posting this question for second time because they solve it wrong . Please don't copy the answer from previous try Gilmark Company has 13,000

image text in transcribed

Im posting this question for second time because they solve it wrong . Please don't copy the answer from previous try

Gilmark Company has 13,000 obsolete lamps carried in inventory at a cost of $14.00 each. They can be sold as they are for $4.80 each. They can be reworked however, at a total cost of $55,900 and sold for $9.50 each Requirement Determine whether it is worthwhile to rework these lamps. First determine the formula to calculate the net return under each alternative, then calculate the net return under each alternative. (Complete all input cells. Enter a "O" for amounts with a zero balance.) Net return Sell as is Sell after rework The answers should be In yellow boxes. ONLY, first top boxes that has blue arrows on It has drop list. you have to choose from this drop list. The optlons In drop list for both boxes are (Additlonal cost per unlt, Inventory cost per unlt, Sales prlce per unlt )....Thank you

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Derivative Strategies

Authors: Barbara Davison

1st Edition

0894134434, 978-0894134432

More Books

Students also viewed these Accounting questions

Question

Describe the nature of negative messages.

Answered: 1 week ago