A car dealer acquires a used car for 14000terms fob

Reference no: EM13614297

A car dealer acquires a used car for $14,000,terms FOB shipping point. Additional costs in obtaining andoffering the car for sale include $250 for transportation-in, $900for import duties, $300 for insurance during shipment, $150 foradvertising, and $1,250 for sales staff salaries. For computinginventory, what cost is assigned to the used car? (Omit the"tiny_mce_markerquot; sign in your response.)

Reference no: EM13614297

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