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Hello! I need help with this question: Rizio Co, purchases a machine for $12.500, terms 2/10, /60. FOB shipping point. The seller prepaid the $360
Hello! I need help with this question:
Rizio Co, purchases a machine for $12.500, terms 2/10, /60. FOB shipping point. The seller prepaid the $360 freight charges, adding the amount to the invoice and bringing its total to $12.860. The machine requires special steel mounting and power connections costing $895. Another $475 is paid to assemble the machine and get it into operation. In moving the machine to its steel mounting. $180 in damages occurred. Materials costing $40 are used in adjusting the machine to produce a satisfactory product. The adjustments are normal for this machine and are not the result of the damages. Complete the below table to calculate the cost recorded for this machine. (Rizio pays for this machine within the cash discount period.) Amount included in Cost of Equipment: Invoice price of machine Net purchase price DI TIL Total cost to be recorded Complete the below table to calculate the cost recorder Amount Included in Cost of Equipment: Invoice price of machine Add: Discount Less: Discount Total cost to be recorded Amount Included in Cost of Equipment Invoice price of machine Net purchase price Assembly Damages Freight charges Materials used in adjusting Mounting and power connections Net purchase price rever LLLLLLLLLLLLLLLLLLL LLLLLLLLLLLLLLLL Assembly Damages Freight charges Materials used in adjusting Mounting and power connections le uitlase price . wwwwwwwwwwwwwwwwwwwwwwwwww Assembly Damages Freight charges Materials used in adjusting Mounting and power connections LLLLLLLLLL Assembly Damages Freight charges Materials used in adjusting Mounting and power connections Amount Included in Cost of Equipment Assembly Damages Freight charges Materials used in adjusting Mounting and power connections Total cost to be recorded Invoice price of machine Assembly Damages Freight charges Materials used in adjusting Mounting and power connections LLLLLLL LL LLLLLLLLLLL Total cost to be recorded Step by Step Solution
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