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  1. business
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  3. a car dealer acquires a used car for $12,000, with

A car dealer acquires a used car for $12,000, with terms FOB shipping point. Compute...

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Accounting

A car dealer acquires a used car for $12,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include
$110 for transportation-in.
$200 for shipping insurance.
$790 for car import duties.
$140 for advertising.
$1,200 for sales staff salaries.
$160 for trimming shrubs.
\table[[Item,*,st,\table[[Included in],[Inventory Cost]],\table[[Expensed as],[incurred]]],[Used car,$,12,000,,],[Transportation-in,,110,,],[Import duties,,790,,],[Insurance during shipment,,200,,],[- Advertising,,140,,],[Sales staff salaries,,1,200,.,],[Trimming shrubs,,160,,.],[Total,$,14,600,,
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