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Sanad Company purchased equipment and below are the information related to this transaction: $200 cost, 7% sales tax $10 to transport to plant, $5 storage
Sanad Company purchased equipment and below are the information related to this transaction:
- $200 cost, 7% sales tax
- $10 to transport to plant, $5 storage cost (plant not ready)
- $3 labor, $2 materials to calibrate machine. $4recovered from trial run production
- Used at 50% of capacity: costs = $50, sales = $55
- $11 to consultant for services related to choice of machine and calibration
- $1 interest cost during one month storage
Based on the above information, the equipment cost is
a.
All options are not correct
b.
129
c.
236
d.
200
e.
224
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