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The Lantern Corporation has 1,000 obsolete lanterns that are carried in inventory at a manufacturing...

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Accounting

The Lantern Corporation has 1,000 obsolete lanterns that are carried in inventory at a manufacturing cost of $20,000 . If the lanterns are re- machined for $ 5,000 they could be sold for $9,000. Alternatively , the lanterns could be sold for scrap for $ 1,000. Which alternative is more desirable, and what are the total relevant costs for that alternative?

a ) Re - machine and $ 5,000 . b) Re - machine and $25,000 . C ) Scrap and $20,000 . d ) Scrap and $19,000.

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