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Rizio Company purchases a machine for $9.900, terms 2/10, 1/60, FOB shipping point Rizio paid within the discount period and took the $198 discount Transportation

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Rizio Company purchases a machine for $9.900, terms 2/10, 1/60, FOB shipping point Rizio paid within the discount period and took the $198 discount Transportation costs of $224 were paid by Rizio. The machine required mounting and power connections costing $684 Another $323 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $285 worth of repairs were made Complete the below table to calculate the cost recorded for this machine Amount included in out of Equipment Invoice price of machine Net purchase price Total cost to be recorded

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