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Rizio purchases a machine for $ 1 2 , 5 0 0 , terms 2 / 1 0 , n / 6 0 FOB shipping

Rizio purchases a machine for $12,500, terms 2/10, n/60 FOB shipping point. Rizio paid within the discount period and the took the $250
discount. Transportation costs of $360 were paid by Rizio. The machine required mounting and power connections costing $895. Another $475
is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $180
worth of repairs were made. Compute the cost recorded for this machine.

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