The following costs pertain to Den Co.'s purchase of inventory: | |
|---|
| 700 units of product A | $ 3,750 | | Freight-in | 175 | | Cost of materials and labor incurred to bring product A to saleable condition | 900 | | Insurance cost during transit of purchased goods | 100 | | Total | $ 4,925 |
What amount should Den record as the cost of inventory as a result of this purchase?
|
a. | $4,925 | |
b. | $4,650 | |
c. | $3,925 | |
d. | $4,825 |
|
