Question

Granite Company purchased a machine costing $120,000, terms 1/10, n/30. The machine was shipped FOB shipping point and freight charges were $2,000. The machine requires special mounting and wiring connections costing $10,000. When installing the machine, $1,300 in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period.
A. $118,800.
B. $129,800.
C. $120,100.
D. $132,100.
E. $130,800.

Answer 1

I’m going to make this short your answer is



C. $120,100.