A solar panel dealer acquires a used panel for $12,400, with terms FOB shipping point. Compute total inventory costs assigned to the used panel if additional costs include $4,900 for sales staff salaries. • $620 for transportation-in by train. $280 for online advertising. • $390 for shipping insurance. • $1,400 for used panel restoration. • $1,150 for lawn care. Expensed as incurred Included in Cost Inventory Cost Cost 12,400 Transportation-in by train 620 Shipping insurance 390 Used panel restoration 1,400 Online advertising 280 Sales staff salaries 4,900 Lawn care 1,150 Total 21,140 %24 %24
A solar panel dealer acquires a used panel for $12,400, with terms FOB shipping point. Compute total inventory costs assigned to the used panel if additional costs include $4,900 for sales staff salaries. • $620 for transportation-in by train. $280 for online advertising. • $390 for shipping insurance. • $1,400 for used panel restoration. • $1,150 for lawn care. Expensed as incurred Included in Cost Inventory Cost Cost 12,400 Transportation-in by train 620 Shipping insurance 390 Used panel restoration 1,400 Online advertising 280 Sales staff salaries 4,900 Lawn care 1,150 Total 21,140 %24 %24
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter11: Depreciation, Depletion, Impairment, And Disposal
Section: Chapter Questions
Problem 7RE: At the end of Year 1, Herkimer Co. sells two laptops for 1,800 each. Based on the information in...
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