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  3. a car dealer acquires a used car for $8,000, with

A car dealer acquires a used car for $8,000, with terms FOB shipping point. Compute...

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Accounting

A car dealer acquires a used car for $8,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include

  • $190 for transportation-in.
  • $120 for shipping insurance.
  • $1,000 for car import duties.
  • $180 for advertising.
  • $1,400 for sales staff salaries.
  • $160 for trimming shrubs.

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