Question
A solar panel dealer acquires is used panel for $13,000, with terms FOB shipping point. Compute total inventory cost assigned to the used panel
A solar panel dealer acquires is used panel for $13,000, with terms FOB shipping point. Compute total inventory cost assigned to the used panel if additional costs include $5,500 for sales staff salaries. $680 for transportation-in by train. $310 for online advertising. $435 for shipping insurance. $1,550 for used panel restoration. $1,300 for lawn care. Included in Expensed Cost Inventory Cost as incurred Cost $ 13,000 Transportation-in by train 680 Shipping insurance 435 Used panel restoration 1,550 Online advertising 310 Sales staff salaries 5,500 Lawn care 1,300 Total $ 22,775 %24
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
24th edition
1259916960, 978-1259916960
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