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The Light Company has 2000 obsolete light fixtures that are carried in inventory at a manufacturing cost of $30,000. If the fixtures are reworked for
The Light Company has 2000 obsolete light fixtures that are carried in inventory at a manufacturing cost of $30,000. If the fixtures are reworked for $10,000 they could be sold for $18,000. Alternately, the light fixtures could be sold for $3000 to a jobber located in a distant city. If the fixtures are reworked and sold the opportunity costs would be: Select one: a. $3,000 b. $30,000 c. $8,000 d. $10,000 e. $18,000
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