Runge Company purchased machinery on January 1 at a list price of $300000 with a 2% discount if payment is made within a 10-day discount period.Payment was made within the discount period.Runge paid $15000 sales tax on the machinery and paid installation charges of $5300.Prior to installation Runge paid $12000 to pour a concrete slab on which to place the machinery.What is the total cost of the new machinery?
A)$314300.
B)$326300.
C)$332300.
D)$309000.

Question

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The Answer of Runge Company purchased machinery on January 1 at a list price of $300000 with a 2% discount if payment is made within a 10-day discount period.Payment was made within the discount period.Runge paid $15000 sales tax on the machinery and paid installation charges of $5300.Prior to installation Runge paid $12000 to pour a concrete slab on which to place the machinery.What is the total cost of the new machinery?
A)$314300.
B)$326300.
C)$332300.
D)$309000.

Runge Company Purchased Machinery on January 1 at a List