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Longview Baskets has in its inventory 2,500 damaged baskets that cost $20,000 The baskets can...

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Question

Accounting

Longview Baskets has in its inventory 2,500 damaged baskets that cost $20,000 The baskets can be sold in their present condition for $17,000, or repaired at a cost of $18,000 and sold for $36,000. What is the opportunity cost of selling the baskets in their present condition?

A.

$54,000

B.

$37,000

C.

$18,000

D.

$35,000

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