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Longview Baskets has in its inventory 2,500 damaged baskets that cost $25,000 The baskets can...

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Verified Solution

Question

Accounting

Longview Baskets has in its inventory

2,500

damaged baskets that cost

$25,000

The baskets can be sold in their present condition for

$12,000,

or repaired at a cost of

$13,000

and sold for

$40,000.

What is the opportunity cost of selling the baskets in their present condition?

A.

$27,000

B.

$37,000

C.

$53,000

D.

$ 25,000

Answer & Explanation Solved by verified expert
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