Walberg associates antique dealers purchased the contents

Reference no: EM13580133

Walberg Associates, antique dealers, purchased the contents of an estate for $38,400. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Walberg Associates' warehouse was $1,650. Walberg Associates insured the shipment at a cost of $240. Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $580

Determine the cost of inventory acquired from the estate.

Reference no: EM13580133

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