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Costs of $5,500 were incurred to acquire goods and make them ready for sale. The goods were shipped to the buyer (FOB shippin
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Answer #1

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When it comes to the FOB shipping point option, the seller bear  the transport costs and fees until the goods reach the port of origin. Once the goods are on the ship, the buyer is financially responsible for all costs associated with transport as well as customs, taxes, and other fees.

Therefore the total cost is as follows for buyer =cost incurred to acquire goods and make them ready for sale +additional necessary cost

=$5500+$500

=$6000

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Answer #2
5,500 cost + 500 make ready ( not charged 250 seller shippingFOB) =6,000, Therefore the total cost is as follows for buyer =cost incurred to acquire goods and make them ready for sale +additional necessary cost
source: Exam test
answered by: Michael cole
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