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Creative Hats produces hats that normally sell for $55 each. Creative currently has 400 defective...

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Accounting

Creative Hats produces hats that normally sell for $55 each. Creative currently has 400 defective hats in inventory that have $35 of material, labor and
overhead costs already incurred to make each hat. The defective hats can either be completely repaired at an additional cost of $25 per hat or sold as is at a
reduced price of $18 per hat. Creative would be better off by:
Multiple Choice
$2,800 to sell the hats at the reduced price
$2,000 to sell the hats at the reduced price
$5,200 to sell the hats at the reduced price
$4,800 to repair the hats and sell them at the normal price
none of the answers are correct
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