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Chick Co is in the process of preparing a quotation for a special job for a customer. The job will require 120 units of material T. 120 units are already in inventory at a book value of $40 per unit. The replacement price per unit is $68. The material is in inventory as the result of previous over buying. It has no other use and the company has been informed that it will cost $160 to dispose of the material currently in inventory. What is the relevant cost of material T for this special job for the customer? Relevant cost of material is $ ________ NB. Please enter a saving with a minus sign, a cost as normal. |