Riz co. purchases a machine for $9,800, terms 1/10, n/60, FOB shipping point.Riz paid within the discount period and took the $98 discount.Transportation costs of $221 were paid by Riz.The machine required mounting and power connections costing $677.Another $319 is paid to assemble the machine and $40 of materials are used to get it into operations.During installation, the machine was damaged and $355 worth of repairs were made.

Complete the table below to calculate the cost recorded for this machine

Amount included in cost of Equipment Table

Invoice Price of Machine:

(Add: discount OR Less: discount) is my choice + it wants a $ amount

Net Purchase Price:

(choices for this section: assembly, damages, materials used, mounting and power connections, transportation) + $ amount

Total cost to be recorded:

($ amount only)