Business Finance Homework Help
Business Finance Homework Help. Accounting Homwork Questions
On
1/1/18 Ginger Inc purchased 100 cans of cat food from Ollie Beef Inc at
a cost of $3,000. The terms of the sale were FOB shipping point and the
Freight-in to Ginger Inc was $400. The insurance cost during the
transit of the cans was $100 and then Ginger Inc had to pay an employee
$1000 to bring the cans to a saleable condition. What amount should
Ginger Inc record in its Inventory account as the cost of the cans. Please show work
Business Finance Homework Help
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