Question: Current Attempt in Progress Blossom Co both purchases and constructs various equipment it uses in its operations. The following items for two different types of
Current Attempt in Progress Blossom Co both purchases and constructs various equipment it uses in its operations. The following items for two different types of equipment were recorded in random order during the calendar year 2020 Purchase Cash paid for equipment, including sales tax of $6,900 $144.900 Freight and insurance cost while in transit 2.760 Cost of moving equipment into place at factory 4278 Wage cost for technicians to test equipment 5,520 Insurance premium paid during first year of operation on this equipment 2,070 Special plumbing fixtures required for new equipment 11.040 Repair cost incurred in first year of operations related to this equipment 1794 Construction Labor costs Material and purchased parts tross cost $276,000: failed to take 2% cash discount) Imputed interest on funds used during construction (stock financing) Allocated overhead costs (fixed $27,600: variable-$41,400) Pronton self-construction Cost of installing equipment $276,000 19,320 262,200 69.000 41,400 6,072 Compute the total cost to be capitalized for each of these two pleces of equipment, Purchase equipment Construction equipment $ e Textbook and Media Attempts: 0 of 3 used Submit
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