(Answered) Question - a car dealer acquires a used car for 18000 terms

Accounting

Question - A car dealer acquires a used car for $18,000, terms FOB shipping point. Additional costs in obtaining and offering the car for sale include:

$180 for transportation-in.

$140 for insurance during shipment.

$810 for import duties.

$140 for advertising.

$1,000 for sales staff salaries.

For computing inventory, what cost is assigned to the used car?

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