Rizio Company purchases a machine for $13,300, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $266 discount. Transportation costs of $301 were paid by Rizio. The machine required mounting and power connections costing $919. Another $434 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $290 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine. Amount included in Cost of Equipment: Invoice price of machine Net purchase price Total cost to be recorded $ 0

Rizio Company purchases a machine for $13,300, terms 2/10,n/60,FOB shipping point. Rizio paid within the discount period and took the $266 discount. Transportation costs of $301 were paid by Rizio. The machine required mounting and power connections costing $919. Another $434 is paid to assemble the machine, and $40 of materials are used to get it into operation, During installation, the machine was damaged and $290 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine