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costs of $5,000 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 $200. additional necessary costs of $400 were incurred to acquire the goods. no other incentives or discounts were available. compute the buyer's total cost of merchandise inventory.

Respuesta :

The entire cost of the inventory of goods is $5,600.

Obtain the combined value of the starting and ending inventories as well as the cost of products sold. Make a subtraction between the starting and finishing inventories. The difference between the ending and starting inventory is the cost of goods sold.

The cost of finished items that a retailer or wholesaler has on hand to sell to its clients during a specific accounting period is known as merchandise inventory.

The sum of all expenses incurred up until the point at which the products are purchased by the Buyer will be his entire cost of merchandise inventory.

Consequently, in this scenario, the total cost of the inventory of goods will be

= $5,000 + $200 + $400

= $5,600

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