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A car dealer acquires a used car for $16,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional
A car dealer acquires a used car for $16,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include $210 for transportation-in. $120 for shipping insurance. $860 for car import duties. $160 for advertising. $1,300 for sales staff salaries. $170 for trimming shrubs. Included in Inventory Cost Expensed as incurred $ Cost 16,000 210 860 120 Cost Transportation-in Import duties Insurance during shipment Advertising Sales staff salaries Trimming shrubs Total 160 1,300 170 18,820 $ $ 0 $ 0
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