a-company-purchases-goods-for-5000-under-fob-shipping-point-terms-with-a-freight

Question

A company purchases goods for $$5,000 under FOB Shipping Point terms with a freight cost of 200. $$Later, they sell the goods for $$7,000 under FOB Destination terms, incurring a freight cost of 150. $$What is the total cost of goods sold?

Accepted Answer

$5,200

Answer

$5,000

Answer

$5,150

Answer

$5,350

A company purchases goods for \$5,000 under FOB Shipping Point terms with a freight cost of \$200. Later, they sell the goods for \$7,000 under FOB Destination terms, incurring a freight cost of \$150. What is the total cost of goods sold?