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Question: horizons inc paid 232500 for a machine shipped fob shipping...
Question details
Horizons, Inc. paid $232,500 for a machine shipped FOB shipping point. Freight costs totaled $4,500, the sales tax was $11,300, and installation amounted to $9,800, with an additional $1,600 spent to repair the machine after a worker dropped it during installation. The total cost of the machine for accounting purposes was:
| $248,400 |
| $232,500 |
| $258,100 |
| $259,700 |
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