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A car dealer acquires a used car for $19,000, with terms FOB shipping point. Compute total inventory costs assigned to the us

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Solution:

Included In Expensed
Cost Inventory Cost as incurred
Cost $19,000 $19,000
Transportation - in $110 $110
Important duties $910 $910
Insurance during shipment $180 $180
Advertising $180 $180
Sales staff salaries $2000 $2000
Trimming shrubs $120 $120
Total $22,500 $20,200 $2,300
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