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Costs of $8,000 were incurred to acquire goods and make them ready for sale. The goods were shipped to the buyer (FOB shipping point) a

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Costs of $8,000 were incurred to acquire goods and make them ready for sale. The goods were shipped to the buyer (FOB shipping point) a cost of $500. Additional necessary costs of $1,000 were incurred to acquire the goods. No other incentives or discounts were available. What is the buyer's total cost of merchandise inventory? Multiple Choice 5 $8,500 $8,000 $9,000 Prey 1 of 9 Next >

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