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A car dealer acquires a used car for $15,000, with terms FOB shipping point. Compute total inventory costs assigned to additional costs include $150 for
A car dealer acquires a used car for $15,000, with terms FOB shipping point. Compute total inventory costs assigned to additional costs include $150 for transportation-in. . $190 for shipping insurance. $730 for car import duties. $200 for advertising. $1,500 for sales staff salaries. >$200 for trimming shrubs. Cost Transportation-in Import duties Insurance during shipment Advertising Sales staff salaries Trimming shrubs Total SA Cost 15,000 150 730 190 200 1,500 200 17,970 Included in Inventory Cost Expensed as incurred
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Financial Accounting The Impact On Decision Makers
Authors: Curtis L. Norton, Gary A. Porter
6th Edition
9781439037119, 1439037116
