Question
You are importing woven coats from Turkey under the terms CPT New York. The invoice sales price is $20,000. The following costs are associated with
You are importing woven coats from Turkey under the terms CPT New York. The invoice sales price is $20,000. The following costs are associated with the transaction: inland freight in Turkey of $200; air freight of $1,300; transportation insurance of $300; inland freight in New York of $400; export clearance charges of $100, a pattern that was produced in the United States at a cost of $200 and supplied to the exporter free of charge. The correct entered value of the merchandise is:
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
