Campus Supplies maintains its hand-held graphing calculator inventory using the perpetual inventory method. The inventory...

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Accounting

Campus Supplies maintains its hand-held graphing calculator inventory using the perpetual inventory method. The inventory records for January follow:

Aiello Company incurred the following costs during the year:

Research and development costs

$112,000

Patent

22,500

Trademark

27,500

Marketing costs

40,000

Copyright

62,750

How much of these costs should be capitalized?

Using the weighted-average cost method, how much is the January 31 inventory on Campus Supplies balance sheet?

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