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Marble Company purchased a machine costing RM120,000, terms 1/10, n/30. The machine was shipped FOB shipping point and freight charges were RM2,000. The machine requires
Marble Company purchased a machine costing RM120,000, terms 1/10, n/30. The machine was shipped FOB shipping point and freight charges were RM2,000. The machine requires special mounting and wiring connections costing RM10,000. When installing the machine, RM1,300 in damages occurred. Materials costing RM1,500 are used in testing and adjusting the machine to produce a satisfactory product. Compute the cost recorded for this machine assuming Marble paid within the discount period. RM133,600. RM132.300. RM134,800. RM131,100
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