A boat dealer acquires a used boat for $40,000, with terms FOB shipping point. The following dashboard shows additional costs in acquiring the used boat.A pie diagram shows additional costs in acquiring the used boat. It shows transportation costs of $1,000, security cameras of $200, shipping insurance of $400, sales staff salaries of $500, imported duties $700 and advertising costs of $300. Compute total inventory costs assigned to the used boat.

A boat dealer acquires a used boat for $40,000, with terms FOB shipping point. The following dashboard shows additional costs in acquiring the used boat. Compute total inventory costs assigned to the used boat