2 A car dealer acquires a used car for $14,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include $250 for transportation-in. $300 for shipping Insurance $900 for car import duties. $150 for advertising $1,250 for sales staff salaries $180 for trimming shrubs Answer is not complete. Included in Inventory Expensed as incurred Cost Transportation in Import duties Insurance during shipment Advertising Sales staff salaries Trimming shrubs Total Cost 14.000 250 900 300 150 1,250 180 17.030 250 900 300 5 $ 1450 0 1 Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn's house. At the end of the current period, Emma looks over her inventory and finds that she has nts 1,300 units {products) in her basement, 20 of which were damaged by water and cannot be sold 350 units in her van, ready to deliver per a customer order, terms FOB destination 80 units out on consignment to a friend who owns a retail store. How many units should Emma include in her company's period end inventory? Answer is complete but not entirely correct. 1,300 units Units in Ending Inventory: Units of Product on hand Add Damaged units Units in transit Less Units in transit (20) 350 80 x Total units in period-end Inventory 1,550 units