2. Mr. Chang is a household product manufacturer (Chang's soap) based in Guangzhou, China. And Mr. Chang is exporting hand soap set to Mr. Smith (Smith grocery), a Los Angeles based retailer. This is part of the commercial invoice Mr. Chang provides to Mr. Smith. When Mr. Smith clears custom for the imported products, please calculate the valuation of this import transaction based on: . The landed cost approach . The FAS/FCA approach INVOICE: 23632633 Sold By: Chang's soap Sold To: Smith grocery Purchase Order: 2563325 Quantity 1000 Description Luxury vanity set China domestic transportation Insurance (coverage for $14,850 value of product) Total: DATE: 10/20/2019 Shipped By: Shipped via: Ocean Country of Origin: China Changgang Road No. 166, Guangzhou, Guangdong. China Shipped To: 2700 Hyperion Ave, Los Angeles, CA 90027, USA Ocean Freight Cost to $1,200 Los Angeles Unit Price $13.50 $100 $5,000 Total $ 13,500 USD $ 19,800 FOB. Terminal, Port of Guangzhou, Incoterms 2010 Terms: 1.5% 10 days/nets 30 days