norman geological surveys located in baltimore purchased surveying equipment from a manufacturer in raleigh nc for $26090 norman incurred the following charged in relation to the equipment. total freight from raleigh to Baltimore $2490 norman and the seller divided these charges amongst themselves in the following ratio normal 31% manufacturer 69%. Insurance premium on equipment while in transit $490 insurance premium on equipment for first year $360 installation of equipment $625 testing of equipment to make sure it was installed properly $200 sales taxes $2061 calculate cost of equipment on normans books. Round calculation to the nearest dollar

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To calculate the cost of the equipment on Normans books we need to sum up all the relevant charges a... View the full answer