Question: Chapter 5 Ho... ( H & Exit Walberg Associates, antique dealers, purchased goods for $38,600. Terms of the purchase 1pointswereFOBshippingpoint,andthecostoftransportingthegoodsto Walberg Associates's warehouse was $1,750.

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Chapter 5 Ho... ( H \& Exit Walberg Associates, antique dealers, purchased goods for $38,600. Terms of the purchase 1pointswereFOBshippingpoint,andthecostoftransportingthegoodsto Walberg Associates's warehouse was $1,750. Walberg Associates insured the shipment at a cost of $260. Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $600. Determine the cost of inventory

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