Parker Books purchased 200 books, paying $10 each. Parker paid the $40 shipping costs and $30 binding repair fees so that those books could be sold. How much is the cost of inventory?

Question

Quizplus · Accepted Answer

The cost of inventory includes the purchase cost of the books, shipping costs, and binding repair fees. Therefore, the total cost is calculated as follows: (200 books * $10) + $40 shipping + $30 binding repair = $2000 + $40 + $30 = $2070.

Parker Books Purchased 200 Books, Paying $10 Each