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What the value of the inventory at the end of the month

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Q1. Use the information below, which relates to the purchase of a machine, to answer the question that follows. Enter your answer using digits only - no dollar signs, commas, or decimal points.

-Invoice price = 250000

-Shipping cost = 3000

-Shipping insurance = 500

-Two-year insurance policy = 3600

-Installation and testing = 5000

-Employee training = 1500

What is the acquisition cost of the machine?

Q2. The information below reflects all the inventory transactions for one month.

Jan. 01 - Balance 70 units @ $14 each

Jan. 09 - Purchased 140 units @ $16 each

Jan. 18 - Sold 105 units for $28 each

Jan. 26 - Purchased 70 units @ $17 each

Jan. 30 - Sold 115 units for $30 each

What the value of the inventory at the end of the month?

Reference no: EM133039835

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