Determine Inventory Costs Mary Cosmetics sells specialty lipstick for a retail price of $12.25 each....
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Determine Inventory Costs Mary Cosmetics sells specialty lipstick for a retail price of $12.25 each. Many purchases each tube for $300 and pays the following additional amounts: $1.50 per tube in freight charges, $0.40 per tube in taxes and $2 per tube in commissions to employees for sales. Required Compute the cost of each tube of lipstick Record Inventory Purchases Heston company purchases inventory with a list price of $7,000 for $6, 300 on account. Heston pays a transportation company $200 to deliver the inventory. Upon receipt, Heston notices some defects contacts the vendor
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