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Walberg Associates, antique dealers, purchased the contents of an estate for $37,800. Terms of the purchase were FOB shipping point, and the cost of transporting

Walberg Associates, antique dealers, purchased the contents of an estate for $37,800. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Walberg Associates warehouse was $1,350. Walberg Associates insured the shipment at a cost of $180. Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $520

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