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Tori Inc. has some material that originally cost $70,400. The material has a scrap value of $31,100 'as is', but if reworked at a cost
Tori Inc. has some material that originally cost $70,400. The material has a scrap value of $31,100 'as is', but if reworked at a cost of $1,900, it could be sold for $31,800. What would be the incremental effect on the company's overall profit of reworking and selling the material rather than selling it 'as is' as scrap? (CIMA adapted) Multiple Choice $(1,200) $(40,500) $(71,600) $29,900
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