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What amount of shipping costs should be included in year-end

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Reference no: EM132825346

Alexa company commenced operations during the year as large importer and exporter of seafood. The imports were all from one country overseas. The entity reported the following date:

Purchases during the year 12,000,000

Shipping costs from overseas 1,500,000

Shipping costs to export customers 1,000,000

Inventory at year-end 3,000,000

Requirement:

Problem 1. What amount of shipping costs should be included in the year-end inventory valuation?

A. 0

B. 250,000

C 375,000

D. 625,000

Reference no: EM132825346

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