A car dealer acquires a used car for $17,500, terms FOB shipping point. Additional costs in obtaining

Question:

A car 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?
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...