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Please answer both QS 5-2 (Static) Inventory costs LO CI A car dealer acquires a used car for $14,000, with terms FOB shipping point. Compute
Please answer both
QS 5-2 (Static) Inventory costs LO CI A car dealer acquires a used car for $14,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include $250 for transportation in $300 for shipping insurance. $900 for car import duties. $150 for advertising $1.250 for sales staff salaries $180 for trimming shrubs. Expensed as incurred Included in Cost Inventory Cost 14,000 250 $ Cost Transportation in Import duties Insurance during shipment Advertising Sales staff salaries Trimming shrubs Total 900 300 150 1,250 180 17.030 $ $ 0 $ QS 5-3 (Static) Inventory costs LO C1 A solar panel dealer acquires a used panel for $9,000, with terms FOB shipping point. Compute total inventory costs assigned to the used panel if additional costs include $1,500 for sales staff salaries. $280 for transportation-in by train $110 for online advertising. $135 for shipping insurance. $550 for used panel restoration, $300 for lawn care. Cost Included in Expensed as Inventory Cost incurred Cost $ 9,000 Transportation in by train 280 Shipping insurance 135 Used panel restoration 550 Online advertising 110 Sales staff salaries 1,500 300 Total 11,875 $ 0 $ Lawn care $ 0 Step by Step Solution
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