Belozovsky Motors, a car dealership, 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 the following: $250 for transportation-in $300 for shipping insurance $900 for car import duties $150 for advertising $1,250 for sales staff salaries $180 for trimming shrubs.
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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 %24A car dealer acquires a used car for $7,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include • $290 for transportation-in. $190 for shipping insurance. $1,000 for car import duties. $200 for advertising. $1,400 for sales staff salaries. $190 for trimming shrubs. Cost Transportation-in Import duties Insurance during shipment Advertising Sales staff salaries Trimming shrubs Total $ $ Cost 7,000 290 1,000 190 200 1,400 190 10,270 Included in Inventory Cost Expensed as incurredA 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
- 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. Cost Expensed as incurred Cost Transportation-in Import duties Insurance during shipment Advertising Sales staff salaries Trimming shrubs Total $ $ $ Included in Inventory Cost 0 20,000 300 880 140 130 1,000 170 22,620 $ 0A car dealer acquires a used car for $16,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include • $130 for transportation-in. • $150 for shipping insurance. • $920 for car import duties. • $200 for advertising. • $2,000 for sales staff salaries. • $110 for trimming shrubs. Included in Expensed as Cost Inventory Cost incurred Cost $ 16,000 Transportation-in 130 Import duties 920 Insurance during shipment 150 Advertising 200 Sales staff salaries 2,000 Trimming shrubs 110 Total $ 19,510A car dealer acquires a used car for $11,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include $190 for transportation-in. $150 for shipping insurance. $850 for car import duties. $110 for advertising. $2,000 for sales staff salaries. $140 for trimming shrubs. Included in Expensed Cost Inventory Cost as incurred Cost $11,000 Transportation-in 190 Import duties 850 Insurance during shipment 150 Advertising 110 Sales staff salaries 2,000 Trimming shrubs 140 Total $14,440
- A car dealer acquires a used car for $12,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include $100 for transportation-in. $170 for shipping insurance. $800 for car import duties. $140 for advertising. $1,400 for sales staff salaries. $150 for trimming shrubs.A distributor of artistic iron-based fixtures acquires a piece for $1,000, terms FOB shipping point. Additional costs in obtaining it and offering it for sale include $150 for transportation-in, $300 for import duties, $100 for insurance during shipment, $200 for advertising, a $50 voluntary gratuity to the delivery person, $75 for enhanced store lighting, and $250 for sales staff salaries. For computing inventory, what cost is assigned to this artistic piece?Wattan Company reports beginning inventory of 10 units at $60 each. Every week for four weeks it purchases an additional 10 units at respective costs of $61, $62, $65, and $70 per unit for weeks 1 through 4. Compute the cost of goods available for sale and the units available for sale for this four-week period. Assume that no sales occur during those four weeks. Activity Beginning Inventory 1st week purchase 2nd week purchase 3rd week purchase 4th week purchase Units available for sale Cost of goods available for sale Units Units cost Cost of Goods Available S 0
- es Walberg Associates, antique dealers, purchased goods for $37,900. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Walberg Associates's warehouse was $1,400. Walberg Associates insured the shipment at a cost of $190. Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $530. Determine the cost of inventory. Cost of inventory Total cost of inventory 0A car dealer acquires a used car for $ 14,000, with term FOB shipping point. Compute total inventory costs assigned to the used car if costs include $ 250 for transportion-in $ 300 for shipping insurance $ 900 for care import duties $ 150 for advertising $ 1,250 for sales staff salaries $ 180 for trimming shrubs Select one: O a. $ 15,450 O b. $ 14,000 O . $14,900 O d. $ 17030A 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.