What is the total cost of the inventory


Question: An importer of antique furniture paid $2,000 per item (before discounts) for 10 items of furniture. Customs duty cost $500 per item, freight to the importer's shop cost $800 per item. The importer decided to have the inventory polished at a cost of $300 per item. The importer received a discount of $100 per item from the vendor for early payment. What is the total cost of this inventory? Question 3Select one: a. $28,000 b. $32,000 c. $33,000 d. $35,000 e. $36,000

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the total cost of the inventory
Reference No:- TGS03417949

Expected delivery within 24 Hours