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QS 5-26B (Algo) Estimating inventories-gross profit method LO P4 Confucius Bookstore's inventory is destroyed by a fire on September 5. The following data for the

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QS 5-26B (Algo) Estimating inventories-gross profit method LO P4 Confucius Bookstore's inventory is destroyed by a fire on September 5. The following data for the current year are available from the accounting records. A car dealer acquires a used car for $18,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include - \$180 for transportation-in. - \$140 for shipping insurance. - $810 for car import duties. - $140 for advertising. - \$1,000 for sales staff salaries. - $130 for trimming shrubs

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