A solar panel dealer acquires a used panel for $13,000, with terms FOB shipping point. Compute...
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A solar panel dealer acquires a used panel for $13,000, with terms FOB shipping point. Compute total inventory costs assigned to the used panel if additional costs include $5,500 for sales staff salaries. $680 for transportation-in by train. $310 for online advertising. $435 for shipping insurance. $1,550 for used panel restoration. $1,300 for lawn care. Cost Transportation-in by train Shipping insurance Used panel restoration Online advertising Sales staff salaries Lawn care Total Cost Included in Expensed as Inventory Cost incurred $ 13,000 680 435 1,550 310 5,500 1,300 $ 22,775 $ 0 $ 0 A solar panel dealer acquires a used panel for $13,000, with terms FOB shipping point. Compute total inventory costs assigned to the used panel if additional costs include $5,500 for sales staff salaries. $680 for transportation-in by train. $310 for online advertising. $435 for shipping insurance. $1,550 for used panel restoration. $1,300 for lawn care. Cost Transportation-in by train Shipping insurance Used panel restoration Online advertising Sales staff salaries Lawn care Total Cost Included in Expensed as Inventory Cost incurred $ 13,000 680 435 1,550 310 5,500 1,300 $ 22,775 $ 0 $ 0
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Cost 13000 Included in inventory cost 13000 FOB shipping point means the buyer pays for transportati... View the full answer
Related Book For
Principles Of Financial Accounting (Chapters 1-17)
ISBN: 9781260780147
25th Edition
Authors: John Wild
Posted Date:
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