Question: Scheckel Incorporated regularly uses material B39U and currently has in stock 464 liters of it for which it paid $2,626 several weeks ago. If this

Scheckel Incorporated regularly uses material B39U and currently has in stock 464 liters of it for which it paid $2,626 several weeks ago. If this were to be sold as is on the open market as surplus material, it would fetch $5.30 per liter. New material stocks can be purchased on the open market for $5.82 per liter, but it must be purchased in lots of 1,000 liters. What is the relevant cost of 650 liters of the material used in a customer's job.

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