Previously worn costumes In the past, a wholesaler purchased a" of CCl's previously worn costumes that were being retired from rentals. Now, due to expansion, CCI has more supply than the wholesaler needs. As a result, CCI has started offering the remaining used costumes for sale to its customers at discounted prices. Each of these retired costumes is scanned and its cost is transferred from "Costumes for rent,\" a property, plant, and equipment account amortized straight-line at 25% per year, to "Inventory Previously worn costumes for sale." New costumes have an average cost of $300. The average costume transferred to "Inventory Previously worn costumes for sale\" is 1.5 years old and sells for $100