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Apps Quiz 5 0 Help Save & Exit Submi A car dealer acquires a used car for $17,000, terms FOB shipping point. Additional costs in

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Apps Quiz 5 0 Help Save & Exit Submi A car dealer acquires a used car for $17,000, terms FOB shipping point. Additional costs in obtaining and offering the car for sale include: . $200 for transportation in $180 for insurance during shipment $750 for import duties $170 for advertising $2,000 for sales staff salaries For computing inventory, what cost is assigned to the used car? Cost Included in Expensed Inventory Cost as incurred Insurance during shipment 0 $ Wattan Company reports beginning inventory of 27 units at $62 each. Every week for four weeks it purchases an additional 27 units at respective costs of $63, $64, $67 and $72 per unit for weeks 1 through 4. Compute the cost of goods available for sale and the units available for sale for this four-week period. Assume that no sales occur during those four weeks. Units Units cost Cost of Goods Available Activity Beginning Inventory 1st week purchase 2nd week purchase 3rd week purchase 4th week purchase Units available for sale Cost of goods available for sale

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