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A car dealer acquires a used car for $19,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional
A car dealer acquires a used car for $19,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include $110 for transportation-in. $180 for shipping insurance. $910 for car import duties. $180 for advertising. $2,000 for sales staff salaries. $120 for trimming shrubs. Included in Inventory Cost Expensed as incurred $ Cost Transportation-in Import duties Insurance during shipment Advertising Sales staff salaries Trimming shrubs Total Cost 19,000 110 910 180 180 2,000 120 22,500 $
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