Granite Company purchased a machine costing $137,000, terms 3/10, n/30. The machine was shipped FOB...
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Granite Company purchased a machine costing $137,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight charges were $3,700. The machine requires special mounting and wiring connections costing $11,700. When installing the machine, $3,200 in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period. Multiple Choice $154,490. $147,790. $158,600. $148,490. $148,290.
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