Calculate the cost recorded for the machine

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Reference no: EM132819778

Rizio purchases a machine for $12,100, terms 1/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $121 discount. Transportation costs of $273 were paid by Rizio. The machine required mounting and power connections costing $836. Another $394 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $265 worth of repairs were made.

problem 1: Calculate the cost recorded for this machine.

Reference no: EM132819778

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