Question: QS 5 - 2 ( Algo ) Identifying inventory costs LO C 1 Costs of $ 1 2 , 0 0 0 were incurred to

QS 5-2(Algo) Identifying inventory costs LO C1
Costs of $12,000 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 $900. Additional necessary costs of $1,800 were incurred to acquire the goods. No other incentives or discounts were available. Compute the buyers total cost of merchandise inventory.
Multiple Choice
$12,000
$14,700
$12,900
$13,800

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