A car dealer acquires a used car for $15,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include . $150 for transportation-in. $190 for shipping insurance. $730 for car import duties. $200 for advertising. . $1,500 for sales staff salaries. $200 for trimming shrubs. Cost Included in Inventory Cost Expensed as incurred Cost Transportation-in Import duties $ 15,000 150 730 Insurance during shipment 190 Advertising 200 Sales staff salaries 1,500 Trimming shrubs 200 Total $ 17,970

A car dealer acquires a used car for $15,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include . $150 for transportation-in. $190 for shipping insurance. $730 for car import duties. $200 for advertising. . $1,500 for sales staff salaries. $200 for trimming shrubs. Cost Included in Inventory Cost Expensed as incurred Cost Transportation-in Import duties $ 15,000 150 730 Insurance during shipment 190 Advertising 200 Sales staff salaries 1,500 Trimming shrubs 200 Total $ 17,970

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 1PA: Record journal entries for the following transactions of Furniture Warehouse. A. Aug. 3: Sold 15...

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A car dealer acquires a used car for $20,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include • $300 for transportation-in. • 140 for shipping insurance. • $880 for car import duties. • $130 for advertising. • 1,000 for sales staff salaries. • 170 for trimming shrubs. Included in Expensed Inventory Cost as incurred 20,000 Cost Cost Transportation-in Import duties Insurance during shipment 300 880 140 Advertising Sales staff salaries Trimming shrubs Total 130 1,000 170 2$ 22,620 %24
A car dealer acquires a used car for $20,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include $300 for transportation-in. • $140 for shipping insurance. • $880 for car import duties. • $130 for advertising. • $1,000 for sales staff salaries. • $170 for trimming shrubs. Included in Expensed Cost Inventory Cost as incurred Cost 20,000 Transportation-in Import duties Insurance during shipment 300 880 140 Advertising 130 Sales staff salaries 1,000 Trimming shrubs 170 Total 22,620 %24
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A car dealer acquires a used car for $14,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include ∙ $250 for transportation-in. ∙ $150 for advertising. ∙ $300 for shipping insurance. ∙ $1,250 for sales staff salaries. ∙ $900 for car import duties. ∙ $180 for trimming shrubs.
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