A car dealer acquires a used car for $ 14,000, terms FOB shipping point. Additional costs in

Question:

A car acquires a used car for $ 14,000, terms FOB shipping point. Additional costs in obtaining and offering the car for sale include $ 250 for transportation-in, $ 900 for import duties, $ 300 for insurance during shipment, $ 150 for advertising, and $ 1,250 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...