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Cher Rizio Co purchases a machine for $10,800, terms 2/10,n/60, FOB shipping point. Rizio paid within the discount period and took the $216 discount Transportation

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Cher Rizio Co purchases a machine for $10,800, terms 2/10,n/60, FOB shipping point. Rizio paid within the discount period and took the $216 discount Transportation costs of $244 were paid by Rizio. The machine required mounting and power connections costing 5747 Another $352 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $300 worth of repairs were made Complete the below table to calculate the cost recorded for this machine OM Amount included in Cost of Equipment: Invoice price of machine Net purchase price Total cost to be recorded

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