What cost is assigned to the used car, Accounting Basics

+44 141 628 6080
[email protected]

What cost is assigned to the used car

A car dealer acquires a used car for $3,000, terms FOB shipping point. Additional costs in obtaining and offering the car for sale include $150 for transportation-in, $200 for import duties, $50 for insurance during shipment, $25 for advertising, and $250 for sales staff salaries. For computing inventory, what cost is assigned to the used car?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What cost is assigned to the used car

Reference No:- TGS0709165

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Calculate granite cutters

Granite Cutters, Inc. manufactures granite lawn fixtures. The standard and actual costing information is provided below. Granite Cutters uses direct labor hours to allocate overhead.

Q : Find the initial volume of the liquid-ice mixture

Find: 1. the initial volume of the liquid-ice mixture, in m3, 2. the volume after all the ice is melted, in m3, 3. will the temperature of the liquid water increase or decrease? Why?

Q : Work done by an electric force

The work done by an electric force in moving a charge from point A to point B is 2.52 10-3 J. The electric potential difference between the two points is VA ? VB = 42.0 V. What is the charge?

Q : How much does the company plan to spend

The John Fletcher Corporation manufactures mountain bikes. At the beginning of July, the Fletcher Corporation had $0 beginning bikes in inventory. The corporation expects to manufacture and sell 100 bikes in July.

Q : What cost is assigned to the used car

A car dealer acquires a used car for $3,000, terms FOB shipping point. Additional costs in obtaining and offering the car for sale include $150 for transportation-in, $200 for import duties.

Q : How to find the complete inventory in process

Prepare a cost of production report for the Cutting Department of Aladdin Carpet Company for May 2008, using the following data and assuming that all materials are added at the beginning of the process.

Q : Compute markets inventory turnover and days sales

Market Company begins the year with $200,000 of goods in inventory. At year-end, the amount in inventory has increased to $230,000. Cost of goods sold for the year is $1,600,000.

Q : Construct a split-stem polt

The following data represents the mean August temperature ( Fahrenheit) in 20 us cities: 64, 64, 68, 69, 70, 71, 71, 72, 74, 75,76,76,76, 77, 81, 82, 82, 83, 85, 92 . construct a split-stem polt.

Q : Relative frequency distribution of the decisions

An article in the winter 2003 issue of chance magazine reported on the Houston Independent School district's magnet schools programs. Of the 1755 qualified applicants, 931 were accepted 298 were waitlisted, and 526 were turned away for lack of sp

1958655

Questions
Asked

3,689

Active Tutors

1447156

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What cost is assigned to the used car

Reference No:- TGS0709165

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Calculate granite cutters

Q : Find the initial volume of the liquid-ice mixture

Q : Work done by an electric force

Q : How much does the company plan to spend

Q : What cost is assigned to the used car

Q : How to find the complete inventory in process

Q : Compute markets inventory turnover and days sales

Q : Construct a split-stem polt

Q : Relative frequency distribution of the decisions

Which task should nurse delegate to licensed practical nurse

Patient taking atenolol for high blood pressure

Determine which client should the nurse assess first

Diuscuss health issues people facing in their communities

Patient have crushing wounds of chest, abdomen, and legs

Discuss system thinking tools nursing leaders can apply

Case history interview for adult referred for hearing loss

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What cost is assigned to the used car

Reference No:- TGS0709165

Recent Questions Asked Accounting Basics

Q : Calculate granite cutters

Q : Find the initial volume of the liquid-ice mixture

Q : Work done by an electric force

Q : How much does the company plan to spend

Q : What cost is assigned to the used car

Q : How to find the complete inventory in process

Q : Compute markets inventory turnover and days sales

Q : Construct a split-stem polt

Q : Relative frequency distribution of the decisions

Asked Questions