An importer of antique furniture paid $2,000 per item (before discounts) for 10 items of furniture. Customs duty cost $500 per item, freight to the importer's shop cost $800 per item. The importer decided to have the inventory polished at a cost of $300 per item. The importer received a discount of $100 per item from the vendor for early payment. 

What is the total cost of this inventory?  

Answer rating: 100% (QA)

To find the total cost of the inventory we need to sum up all the costs ass... View the full answer