A car dealer acquires a used car for $14,000, terms fob shipping point. additional costs in obtaining and offering the car for sale include $270 for transportation-in, $900 for import duties, $150 for insurance during shipment, $200 for advertising, and $1,400 for sales staff salaries. for computing inventory, what cost is assigned to the used car?

Respuesta :

The cost assigned to the car is "$15,320".
 $200 & for advertising, and $1,400 for sales staff salaries is G&A cost, so this is not included in the inventory for this item.
So, the cost assigned to the car includes = $14,000 + $270 +  $900 + $150
$15320