Marble Company purchased a machine costing 128,000, terms 3/10, n/30. The machin

Question

Marble Company purchased a machine costing 128,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight charges was 2,800. The machine requires special mounting and wiring connections costing 10,800. When installing the machine, 2,100 in damages occurred. Materials costing 2,300 are used in testing anf adjusting the machine to produce a satisfactory product. Compare the cost recorded for this machine assuming Marble paid within the discount period.

A. 137,260 B. 146,000 C. 140,060 D. 142,160 E. 137,960

Explanation / Answer

so answer is option C

purchase cost 128000 freight 2800 installation 10800 test run cost 2300 143900 Less:discount(3%*128000) 3840 total cost 140060

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