QS $4-2($Algo$)$ Identifying inventory costs LO C$1$

Costs of $$13,000$ were incurred to acquire goods and make them ready for sale. The goods were shipped to the buyer $($FOB shipping point$)$ for a cost of $$1,000.$ Additional necessary costs of

$$2,000$ were incurred to acquire the goods. No other incentives or discounts were available. Compute the buyer's total cost of merchandise inventory.

Multiple Choice

$$14,000$

$$15,000$

$$16,000$

$$13,000$