Chapter 10 - ACCT1105: Financial Accounting 11 Hybrid... Connect Exercises Saved Help Save & Exit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to quest Rizio Co. purchases a machine for $12,500, terms 2/10, 1/60, FOB shipping point. Rizio paid within the discount period and took the $250 discount. Transportation costs of $360 were paid by Rizio. The machine required mounting and power connections costing $895. Another $475 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $180 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine Answer is complete but not entirely correct. Amount Included in Cost of Equipment: Invoice price of machine $ 12.500 Less: Discount 250 Net purchase price 12.250 Transportation 360 Mounting and power connections 895 475 Assembly 40 Materials used in adjusting Damages (180) @ooo $ 13.840 Total cost to be recorded 1 of 24 III Next