Olde store has 12000 cans of crab meat just a week past the, Ask an Expert

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Olde Store has 12,000 cans of crab meat just a week past the expiration date. Each can cost $0.31. The cans could be sold as is for $0.20 each, or relabeled and sold as gourmet cat food. The cost of relabeling the cans would be $0.04 per can and the cans would then sell for $0.29 per can. What should be done with the cans and why?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9981193

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