Unable to resell the compressing unit for any price

Assignment Help Financial Accounting

Reference no: EM131247679

ABS Fabricating Co. (ABS) and Xeno Corp. (Xeno) agreed orally that ABS would custom manufacture a compressing unit for Xeno at a price of $120,000. After ABS completed the work at its own cost of $90,000, Xeno notified ABS that the compressing unit was no longer needed. ABS is holding the compressing unit and has requested payment from Xeno. ABS has been unable to resell the compressing unit for any price. ABS has also incurred storage fees of $2,000 to hold the compressing unit. If Xeno refuses to pay ABS and ABS sues Xeno, the most ABS will be entitled to recover is:

A. 92,000

B. 105,000

C. 120,000

D. 122,000

Reference no: EM131247679

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Unable to resell the compressing unit for any price : ABS Fabricating Co. (ABS) and Xeno Corp. (Xeno) agreed orally that ABS would custom manufacture a compressing unit for Xeno at a price of $120,000. After ABS completed the work at its own cost of $90,000, Xeno notified ABS that the compressing unit w..

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