A solar panel dealer acquires a used panel for $9,200, with terms FOB shipping point. Compute total inventory costs assigned to the used panel if additional costs include • $1,700 for sales staff salaries. + $300 for transportation-in by train. • $120 for online advertising. • $150 for shipping insurance. . $600 for used panel restoration. • $350 for lawn care. Cost Transportation-in by train Shipping insurance Used panel restoration Online advertising Sales staff salaries Lawn care Total S S Cost 9.200 300 150 600 120 1,700 350 12.420 OUDERIN Included in Inventory Cost Expensed as incurred

Principles of Accounting Volume 1
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Author:OpenStax
Publisher:OpenStax
Chapter11: Long-term Assets
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A solar panel dealer acquires a used panel for $9,200, with terms FOB shipping point. Compute total inventory costs assigned to the used panel if additional costs include • $1,700 for sales staff salaries. + $300 for transportation-in by train. • $120 for online advertising. • $150 for shipping insurance. . $600 for used panel restoration. • $350 for lawn care. Cost Transportation-in by train Shipping insurance Used panel restoration Online advertising Sales staff salaries Lawn care Total S S Cost 9.200 300 150 600 120 1,700 350 12.420 OUDERIN Included in Inventory Cost Expensed as incurred

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A solar panel dealer acquires a used panel for $9.200, with terms FOB shipping point. Compute total inventory costs assigned to the
used panel if additional costs include
• $1,700 for sales staff salaries.
• $300 for transportation-in by train.
.
$120 for online advertising
. $150 for shipping insurance.
•. $600 for used panel restoration.
• $350 foc lawn care
Cost
Transportation in by train
Shipping insurance
Used panel restoration
Online advertising
Sales staff salaries
Lawn care
Total
S
$
Cost
9.200
300
150
600
120
1.700
350
12.420
Included in
Inventory Cost
Expensed as
Incurred
4
Transcribed Image Text:A solar panel dealer acquires a used panel for $9.200, with terms FOB shipping point. Compute total inventory costs assigned to the used panel if additional costs include • $1,700 for sales staff salaries. • $300 for transportation-in by train. . $120 for online advertising . $150 for shipping insurance. •. $600 for used panel restoration. • $350 foc lawn care Cost Transportation in by train Shipping insurance Used panel restoration Online advertising Sales staff salaries Lawn care Total S $ Cost 9.200 300 150 600 120 1.700 350 12.420 Included in Inventory Cost Expensed as Incurred 4
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