Logan Inc. is in a clothing store business and buys its goods from Cork, Ireland....

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Question

Accounting

  1. Logan Inc. is in a clothing store business and buys its goods from Cork, Ireland. He payed the following expenses. What is the cost of this inventory? (on A/P) (4 Marks)

Cost

$15

Shipping cost

4

Insurance

2

Custom/ duties

1.4

Logo on containers

0.6

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