Tori Inc Has Some Material That Originally Cost $68,400

question 87

Multiple Choice

Tori Inc. has some material that originally cost $68,400. The material has a scrap value of $30,100 'as is', but if reworked at a cost of $1,400, it could be sold for $30,800. 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)

• A) $(69,100)
• B) $(700)
• C) $29,400
• D) $(39,000)

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