Tech Build Corp. (TBC) and HealthCare Systems (HCS) entered into an oral agreement for TBC to custom-manufacture a specialized medical monitoring system for HCS at an agreed price of $200,000. TBC completed the system at a total manufacturing cost of $165,000 and incurred additional storage expenses of $5,000 when HCS declined to accept the system. If TBC sues HCS, the maximum amount TBC can recover would be: A) $165,000 B) $170,000 C) $200,000 D) $205,000

Tech Build Corp. (TBC) and HealthCare Systems (HCS) entered into an oral agreement for TBC to custom-manufacture a specialized medical monitoring system for HCS at an agreed price of $200,000. TBC completed the system at a total manufacturing cost of $165,000 and incurred additional storage expenses of $5,000 when HCS declined to accept the system. If TBC sues HCS, the maximum amount TBC can recover would be: A) $165,000 B) $170,000 C) $200,000 D) $205,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter10: Property, Plant And Equipment: Acquisition And Subsequent Investments

Section: Chapter Questions

Problem 10MC

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