Business
Business, 05.03.2021 01:40, awgggg

The following costs pertain to Pete Co.'s purchase of inventory on June 1: Purchased 1200 units of Product X (before trade discount of $500) $12,500 Freight charges for delivery from supplier, terms FOB destination 800 Warehousing rental for inventory storage 1,500 Cost of labor to assemble product to bring to saleable condition 2,800 Material and labor for repackaging after product assembled 750 Total $18,350 What amount should Pete record as the initial cost of the inventory

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The following costs pertain to Pete Co.'s purchase of inventory on June 1: Purchased 1200 units of P...

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