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Rizio Company purchases a machine for $14,700, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $294 discount. Transportation
Rizio Company purchases a machine for $14,700, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $294 discount. Transportation costs of $332 were paid by Rizio. The machine required mounting and power connections costing $1,016. Another $479 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $245 worth of repairs were made.
Complete the below table to calculate the cost recorded for this machine.
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