Marble Company purchased a machine costing $126,000, terms 1/10, n/30. The machine was shipped FOB...
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Marble Company purchased a machine costing $126,000, terms 1/10, n/30. The machine was shipped FOB shipping point and freight charges were $2,600. The machine requires special mounting and wiring connections costing $10,600. When installing the machine, $1,900 in damages occurred. Materials costing $2,100 are used in testing and adjusting the machine to produce a satisfactory product. Compute the cost recorded for this machine assuming Marble paid within the discount period.
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