Question: A car dealer acquires a used car for 14 000
A car dealer acquires a used car for $ 14,000, terms FOB shipping point. Additional costs in obtaining and offering the car for sale include $ 250 for transportation-in, $ 900 for import duties, $ 300 for insurance during shipment, $ 150 for advertising, and $ 1,250 for sales staff salaries. For computing inventory, what cost is assigned to the used car?
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