Longview Baskets has in its inventory 2,500 damaged baskets that cost $20,000 The baskets can...
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Accounting
Longview Baskets has in its inventory 2,500 damaged baskets that cost $20,000 The baskets can be sold in their present condition for $17,000, or repaired at a cost of $18,000 and sold for $36,000. What is the opportunity cost of selling the baskets in their present condition?
A.
$54,000
B.
$37,000
C.
$18,000
D.
$35,000
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