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A car dealer acquires a used car for $20,000, terms FOB shipping point. Additional costs in obtaining and offering the car for sale include $120

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A car dealer acquires a used car for $20,000, terms FOB shipping point. Additional costs in obtaining and offering the car for sale include $120 for transportation-in, $780 for import duties, $160 for insurance during shipment, $150 for advertising, and $1, 700 for sales staff salaries. For computing inventory, what cost is assigned to the used car

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