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Rizio Company purchases a machine for $12,400, terms 1/10,n/60, FOB shipping point. Rizio paid within the discount period and took the $124 discount. Transportation costs
Rizio Company purchases a machine for $12,400, terms 1/10,n/60, FOB shipping point. Rizio paid within the discount period and took the \$124 discount. Transportation costs of $280 were paid by Rizio. The machine required mounting and power connections costing $857. Another $404 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $305 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine
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