Exercise 10-1

Rizio Company purchases a machine for $11,400, terms 1/10,n/60, FOB shipping point. Rizio paid within the discount period and took the \$114 discount. Transportation costs of $258 were paid by Rizio. The machine required mounting and power connections costing \$788. Another $372 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $275 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine