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Renee Company has old, obsolete inventory on hand. Its scrap value is $16,000. The inventory could be sold for $40,000 if manufactured further at an

Renee Company has old, obsolete inventory on hand. Its scrap value is $16,000. The inventory could be sold for $40,000 if manufactured further at an additional cost of $12,000. Should Renee sell the inventory for $16,000 scrap value? or manufacture further and sell that inventory for $40,000?

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