please fill in the blanks Required information

$[$The following information applies to the questions displayed below.$]$

Armstrong Corporation manufactures bicycle parts. The company currently has a $$20,100$ inventory of parts that have

become obsolete due to changes in design specifications. The parts could be sold for $$7,600,$ or modified for $$10,600$ and

sold for $$21,500.$

Required:

Identify the relevance of the data given in the exercise to the decision about what to do with the obsolete parts.