Rizio Company purchases a machine for $14,200, terms 1/10, n/60, FOB shipping point. Rizio paid...
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Rizio Company purchases a machine for $14,200, terms 1/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $142 discount. Transportation costs of $321 were paid by Rizio. The machine required mounting and power connections costing $982. Another $463 is paid to assemble the machine, and $40 of materials are used to get it into operation. During installation, the machine was damaged and $350 worth of repairs were made. Complete the below table to calculate the cost recorded for this mochine
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