A car dealer acquires a used car for $3,000. Additional costs in obtaining and offering the car

Question:

A car dealer acquires a used car for $3,000. Additional costs in obtaining and offering the car for sale include $150 for transportation-in, $200 for import duties, $50 for insurance during shipment, $25 for advertising, and $250 for sales staff salaries. For calculating inventory, what cost is assigned to the used car acquired?

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