Question: A car dealer acquires a used car for 17500 terms
A car dealer acquires a used car for $17,500, terms FOB shipping point. Additional costs in obtaining and offering the car for sale include $300 for transportation-in, $1,000 for import duties, $250 for insurance during shipment, $400 for advertising, and $3,000 for sales staff salaries. For computing inventory, what cost is assigned to the used car?
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