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How much of the total cost for the goods should be

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On December 28, 2020, Emilia Corporation bought goods costing $500,000. The terms were FOB destination. Some of the costs incurred in connection with the sale and delivery of the goods were:

Packaging for shipment - $10,000
Shipping - $15,000
Special handling charges - $25,000.

Question 1: These goods were received on December 31, 2020. On December 31, 2020, how much of the total cost for these goods should be included in inventory?

Reference no: EM132858867

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