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Sergio039 [100]
3 years ago
6

Walberg Associates, antique dealers, purchased the contents of an estate for $39,100. Terms of the purchase were FOB shipping po

int, and the cost of transporting the goods to Walberg Associates warehouse was $2,000. Walberg Associates insured the shipment at a cost of $310. Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $650. Determine the cost of the inventory acquired from the estate
Business
1 answer:
Ghella [55]3 years ago
8 0

Answer:

$42,060

Explanation:

Walberg Associates cost of the inventory acquired from the estate will be:

Cost of inventory

Price 39,100

Transportation 2,000

Shipment Insurance 310

Cleaning and refurbishing 650

Total cost of inventory 42,060

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