Mast Truck Accessories has an inventory of 485 obsolete remote entry keys that are carried in inventory at a manufacturing cost of $75,175. Production Supervisor Carla Lewis must decide to do one of the following:
• Process the inventory further at a cost of $30,000, with the expectation of selling it for $31,000.
• Scrap the inventory for a sales price of $4,000,
What should Lewis do? Present figures to support your decision.