Rizio Co. purchases a machine for $11,300, terms 1/10, n/60. FOB shipping point. The seller prepaid the $255 freight charges, adding the amount to the invoice and bringing its totoal to $11,555. the machine requires speical steel mounting and power connections cost $781. Another $368 is paid to assemble the machine and get it into operation. in moving the machine to its steel mounting $330 in damages occurred. materials costing $40 are used in adjusting the machine to produce a satisfactory product. the adjustments are normal for this machine and are not the result of the damages. Complete below to calculate the cost recorded fort his machine (rizio pays for this machine within the cash discount period.

Amount Included in cost of equipment:

Invoice price of machine:

less: discount

net purchase price:

assembly:

freight charges:

materials used in adjusting:

mounting and power connections

Total cost to be recorded: