Question: Multiple Choice Question 111 Crane Company has old inventory on hand that cost $22500. Its scrap value is $30000. The inventory could be sold for

Multiple Choice Question 111

Crane Company has old inventory on hand that cost $22500. Its scrap value is $30000. The inventory could be sold for $75000 if manufactured further at an additional cost of $22500. What should Crane do?

(A.)Dispose of the inventory to avoid any further decline in value

(B.)Hold the inventory at its $22500 cost

(C.)Manufacture further and sell it for $75000

(D.)Sell the inventory for $30000 scrap value

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