Armstrong Corporation manufactures bicycle parts. The company currently has a $19,500 inventory of parts that have become

Question:

Armstrong manufactures bicycle parts. The company currently has a $19,500 inventory of parts that have become obsolete due to changes in design specifications. The parts could be sold for $7,000, or modified for $10,000 and sold for $20,300.

Required:
1. Which of the data above are relevant to the decision about the obsolete parts?
2. Prepare an analysis of the decision with regard to the inventory.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...