Compute the buyers total cost of merchandise inventory

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Problem

Costs of $8,000 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 $500. Additional necessary costs of $1,000 were incurred to acquire the goods. No other incentives or discounts were available. Get the instant assignment help. Compute the buyer's total cost of merchandise inventory.

Reference no: EM133901588

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