Luz Company has 3,000 light fixtures that were allocated a joint cost of $30,000 and are now obsolete. If the fixtures are reworked for $10,000, they could be sold for $18,000. Alternatively, the light fixtures could be sold for $13,000 to a jobber located in a distant city. If it would cost $5,000 to store the fixtures until the jobber takes them, what is the preferred alternative?
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Home » Business » Luz Company has 3,000 light fixtures that were allocated a joint cost of $30,000 and are now obsolete. If the fixtures are reworked for $10,000, they could be sold for $18,000.