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A car dealer acquires a used car for $20,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional
A car dealer acquires a used car for $20,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include $120 for transportation-in. $130 for shipping insurance. $710 for car import duties. $140 for advertising $1,000 for sales staff salaries. $140 for trimming shrubs. Cost Included in Expensed as Inventory Cost incurred Cost Transportation-in Import duties $ 20,000 120 710 Insurance during shipment 130 Advertising 140 Sales staff salaries 1,000 Trimming shrubs 140 Total $ 22.240
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