Answer
Total Cost - $3,015
Work Step by Step
i) Cost of shipment 2,940
ii) Freight charges 75
Cost includes all expenditure necessary to acquire goods and
place them in a condition ready for sale.
Accounting: Tools for Business Decision Making, 5th Edition
by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.
Published by
Wiley
ISBN 10:
1118128168
ISBN 13:
978-1-11812-816-9
Chapter 6 - Reporting and Analyzing Inventory - Questions - Page 313: 6
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