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Costs of $ 1 2 , 5 0 0 were incurred to acquire goods and make them ready for sale. The goods were shipped to

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Costs of $12,500 were incurred to acquire goods and make them ready for sale. The goods were shipped to the buyer (FOB shipping point) for a cost of $950. Additional necessary costs of $1,900 were incurred to acquire the goods. No other incentives or discounts were available. Compute the buyer's total cost of merchandise inventory.
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