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Hip Manufacturing produces denim clothing. This year it produced 3,100 denim jackets at a cost...

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Hip Manufacturing produces denim clothing. This year it produced 3,100 denim jackets at a cost of $93,000. These jackets were damaged in the warehouse during storage. Management identified three altematives for these jackets. 1. Jackets can be sold as scrap to a secondhand clothing shop for $18,600. 2. Jackets can be disassembled at a cost of $6,200 and sold to a recycler for $37,200. 3. Jackets can be reworked and turned into good jackets. The cost of reworking the jackets will be $105,400, and the jackets can then be soid for $139,500 Required: (I) Compute the income for each alternative. (2) Which alternative should be chosen

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