A car dealer acquires a used car for $14,000,terms FOB shipping point. Additiona

Question

A car dealer acquires a used car for $14,000,terms FOB shipping point. Additional costs in obtaining andoffering the car for sale include $250 for transportation-in, $900for import duties, $300 for insurance during shipment, $150 foradvertising, and $1,250 for sales staff salaries. For computinginventory, what cost is assigned to the used car? (Omit the"$" sign in your response.)

Cost assigned to the used car

$

A car dealer acquires a used car for $14,000,terms FOB shipping point. Additional costs in obtaining andoffering the car for sale include $250 for transportation-in, $900for import duties, $300 for insurance during shipment, $150 foradvertising, and $1,250 for sales staff salaries. For computinginventory, what cost is assigned to the used car? (Omit the"$" sign in your response.)

Explanation / Answer

14000+250(transportation)+900(import duties)+300(insurance)+150(advertising)+1250(staff salaries)=$16850

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.