additional processing will cost $\backslash (\backslash$$ $0\mathrm{.}70\backslash )$ per gallon of lacquer thinner. To sell the lacquer thinner, Cole Chemical must pay shipping of $\backslash (\backslash$$ $0\mathrm{.}18\backslash )$ a gallon and administrative expenses of $\backslash (\backslash$$ $0\mathrm{.}12\backslash )$ a gallon on the thinner. Read the requirements. Requirement $1.$ Identify the sunk cost. Is the sunk cost relevant to Cole's decision? Why or why not? The $]$ is a sunk cost that differ between alternatives of selling as is or processing further. Consequently, this sunk cost of is to the sell or process further decision. exceeds the Process Further amount.$)$