car dealer acquires a used car for $12,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include

• $100 for transportation-in.
• $170 for shipping insurance.
• $800 for car import duties. $140 for advertising $1,400 for sales staff salaries.
• $150 for trimming shrubs

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ok

ences

Cost

Transportation-in

Import duties

Insurance during shipment

Advertising

Sales staff salaries

Trimming shrubs

Total

Cost

12.000

100

800

170

140

1.400

150

14 760

Included in

Inventory Cost

Expensed as incurred

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