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

Costs of $$12,500$ were incurred to acquire goods and make them ready for sale. The goods were shipped to the buyer $($FOB shipping point$)$ for a cost of $$950.$ Additional necessary costs of $$1,900$ were incurred to acquire the goods. No other incentives or discounts were available. Compute the buyer's total cost of merchandise inventory.

Multiple Choice

$$15,350$

$$13,450$

$$14,400$

$$12,500$