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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
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 . $120 for transportation-in. $170 for shipping insurance. .$730 for car import duties. . $110 for advertising. $2,000 for sales staff salaries. $150 for trimming shrubs. Cost Included in Inventory Cost Expensed as incurred Cost Transportation-in Import duties Insurance during shipment Advertising Sales staff salaries Trimming shrubs Total $ 19,000 120 + 730 170 110 2,000 150 $ 22,280 $ 0 $ 0
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Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
25th Edition
1260780147, 9781260780147
