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Determine the cost of the inventory acquired in the purchase

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Reference no: EM132551072

Question 1: Would the cost of cleaning and refurbishing merchandise before new merchandise can be brought in, be included in the cost of the new merchandise?

Comic books 37500 + insurance 1200 + shipping 150

Question 2: Prior to placing the goods in the store, they cleaned and refurbished some merchandise at a cost of $490 for labour and parts. Determine the cost of the inventory acquired in the purchase of the estate's contents

Reference no: EM132551072

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