Accounting homework help please!?

Posted on 2014-04-14 06:18:00 in Accounting by OSNER

Varto Company has 6,700 units of its sole product in inventory that it produced last year at a cost of $30.00 each. This year's model is superior to last year's and the 6,700 units cannot be sold at last year's regular selling price of $43 each. Varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8.00 each, or (2) they can be reworked at a cost of $132,000 and then sold for $17.00 each.



1. Calculate the incremental net income. (Negative amount should be indicated by a minus sign.)

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