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Chang Industries has 2,200 defective units of product that have already cost $14.20 each to...

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Accounting

Chang Industries has 2,200 defective units of product that have already cost $14.20 each to produce. A salvage company will purchase the defective units as they are for $5.20 each. Chang's production manager reports that the defects can be corrected for $5.80 per unit, enabling them to be sold at their regular market price of $21.40. The incremental income or loss on reworking the units is:

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