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QS 6-2 (Static) Inventory costs LO C1 A car dealer acquires a used car for $14,000, with terms FOB shipping point. Compute total inventory
QS 6-2 (Static) Inventory costs LO C1 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. Included in Expensed as Cost Inventory Cost incurred Cost Transportation-in $ 14,000 250 Import duties 900 Insurance during shipment 300 Advertising 150 Sales staff salaries Trimming shrubs 1,250 180 Total $ 17,030
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