Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The company A has in its accounting archives the following costs that were necessary for its inventories to arrive at its warehouses. Inventory cost 150.000,
The company A has in its accounting archives the following costs that were necessary for its inventories to arrive at its warehouses. Inventory cost 150.000, discounts on the inventories bought 11.000 , transfer costs 2.500 ,3.150 insurance costs, 8.450 packaging costs , customs costs 7.780, purchase commissions 4.140, administrative costs 5.550, wages 6.750 , utilities 3.150,advertising costs 3.550 , interest paid 1.485.
You are asked to calculate the final purchase cost for the inventories that were bought.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started