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QS 5-11 Inventory costs L.O. C2 A car dealer acquires a used car for $3,000, terms FOB shipping point. Additional costs in obtaining and offering
QS 5-11 Inventory costs L.O. C2
A car dealer acquires a used car for $3,000, terms FOB shipping point. Additional costs in obtaining and offering the car for sale include $150 for transportation-in, $200 for import duties, $50 for insurance during shipment, $25 for advertising, and $250 for sales staff salaries. For computing inventory, what cost is assigned to the used car? (Omit the "$" sign in your response.) |
Cost assigned for used car | $ |
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