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 |
A car dealer acquires a used car for $19,000, with terms FOB shipping point. Compute total...
anment Help Se A car dealer acquires a used car for $14,000, with terms FOB shipping point. Compute total Inventory costs assigned to the used car if additional costs include • $270 for transportation-in. • $150 for shipping Insurance. • $900 for car Import duties. • $200 for advertising. • $1,400 for sales staff salaries. • $120 for trimming shrubs. Included in Inventory Cost Expensed as incurred Cost 14,000 Cost Transportation in Import duties Insurance during shipment Advertising Sales staff...
A car dealer acquires a used car for $14,000, terms FOB shipping point. Additional costs in obtaining and offering the car for sale include: • $250 for transportation-in. • $300 for insurance during shipment • $900 for import duties. • $150 for advertising. • $1,250 for sales staff salaries For computing inventory, what cost is assigned to the used car? Included in Inventory Cost Expensed as incurred Cost 14.000 900 Cost Transportation in Import duties Insurance during shipment Advertising Sales...
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