a-company-purchases-goods-for-8000-under-fob-shipping-point-terms-with-a-freight

Question

A company purchases goods for $8,000 under FOB Shipping Point terms with a freight cost of $300. Later, they sell the goods for $10,000 under FOB Destination terms, incurring a freight cost of $250. What is the total cost of goods sold?

Accepted Answer

$8,300

Answer

$8,250

Answer

$8,550

Answer

$8,000

A company purchases goods for \$8,000 under FOB Shipping Point terms with a freight cost of \$300. Later, they sell the goods for \$10,000 under FOB Destination terms, incurring a freight cost of \$250. What is the total cost of goods sold?