A solar panel dealer acquires is used panel for $13,000, with terms FOB shipping point. Compute...
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A solar panel dealer acquires is used panel for $13,000, with terms FOB shipping point. Compute total inventory cost 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. Included in Expensed Cost Inventory Cost as incurred Cost $ 13,000 Transportation-in by train 680 Shipping insurance 435 Used panel restoration 1,550 Online advertising 310 Sales staff salaries 5,500 Lawn care 1,300 Total $ 22,775 %24 A solar panel dealer acquires is used panel for $13,000, with terms FOB shipping point. Compute total inventory cost 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. Included in Expensed Cost Inventory Cost as incurred Cost $ 13,000 Transportation-in by train 680 Shipping insurance 435 Used panel restoration 1,550 Online advertising 310 Sales staff salaries 5,500 Lawn care 1,300 Total $ 22,775 %24
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