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What is the buyers total cost of merchandise inventory

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Costs of $10,500 were incurred to acquire goods and make them ready for sale. The goods were shipped to the buyer (FOB shipping point) for a cost of $750. Additional necessary costs of $1,500 were incurred to acquire the goods. No other incentives or discounts were available.

Question 1: What is the buyer's total cost of merchandise inventory?

Reference no: EM132466151

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