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Candles Company incurred the following costs relating to new equipment: Purchase price $11,000 Labor & materials used for installation 550 Labor & materials used for

image text in transcribed Candles Company incurred the following costs relating to new equipment: Purchase price $11,000 Labor \& materials used for installation 550 Labor \& materials used for operations 2,100 Maintenance expenses 350 Sales tax on purchase price 20 Delivery charge 200 What is the acquisition cost of the equipment? Select one: a. 13,670 b. 14,220 c. 11,770 d. 11,570

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