Unit 1 Assignment 2 - determine Inventory Amounts.

Calculate appropriate inventory and deprecation entries.

Account for various transactions using industry-standard accounting software.

Determining the Correct Inventory Amount Backwoods ATV, a dealer acquires a used vehicles for $8,000, with terms FOB shipping point. Compute total inventory costs assigned to the used ATV if additional costs include $180 for transportation-in. $140 for shipping insurance. $810 for car import duties. $140 for advertising. $1,000 for sales staff salaries. $130 for trimming shrubs. 180 140 810 140 1000 130 Expensed Included in Inventory Cost a s incurred Cost Transportation-in Insurance during shipment Import Duties Advertising Sales staff salaries Trimming shrubs Total