Reference no: EM133059425

Question - Gilpin Company has 11,000 obsolete lamps carried in inventory at a cost of $15.00 each. They can be sold as they are for $3.50 each. They can be? reworked, however, at a total cost of $71,500 and sold for $11.00 each.

Requirement - Determine whether it is worthwhile to rework these lamps.

First determine the formula to calculate the net return under each? alternative, then calculate the net return under each alternative. ?(Complete all input cells. Enter a? "0" for amounts with a zero? balance.)