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Rizio Company purchases a machine for $13,700 terms 2/10, 1/60, FOB shipping point. Rizio paid within the discount period and took the $274 discount Transportation

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Rizio Company purchases a machine for $13,700 terms 2/10, 1/60, FOB shipping point. Rizio paid within the discount period and took the $274 discount Transportation costs of $310 were paid by Rizio. The machine required mounting and power connections costing $947. Another $447 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $335 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 Not purchase price tes Total cost to be recorded $

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