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Q6- The accountants working in Blue Banana Company differed on the expenses that should be included in the company's inventory costs. And they asked you
Q6- The accountants working in Blue Banana Company differed on the expenses that should be included in the company's inventory costs. And they asked you to help them assess the cost of inventory. The data was as follows: Cost of purchases (based on vendors' invoices) S10,000 Trade discounts on purchases $500 customs fees $300 After-sales warranty costs S1000 Freight and insurance on purchases S200 Other handling costs relating to imports $450 Salaries of the accounting department S2500 Brokerage commission payable to indenting agents for arranging imports S1000 Sales commission payable to sales agents S2000 $700 Unlawful use of some goods by workers Storage cost Stores dedicated to storing frozen foods Damage during transportation 5600 SA
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