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A machinery dealer purchases a machine for $20,000. The terms of sale were FOB shipping point. Using the additional cost information below, determine the total
A machinery dealer purchases a machine for $20,000. The terms of sale were FOB shipping point. Using the additional cost information below, determine the total inventory costs assigned to the machine. - $120 for transportation-in and delivery insurance. - $710 for import taxes. - $140 for digital advertising. - $1,000 for sales commissions. - $140 for sales floor cleaning
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