On December 28, 2020, INDIGO Company purchased goods costing 500,000. The terms were FOB destination....
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On December 28, 2020, INDIGO Company purchased goods costing 500,000. The terms were FOB destination. Some of the costs incurred in connection with the sale and delivery of the goods were packaging for shipment 10,000, shipping15,000, and special handling charges 25,000. These goods were received on December 31, 2020. On December 31, 2020, what total cost for these goods should be included in inventory?
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