2011 October No.37 – VALUATION


The commercial invoice from the seller accompanying the entry package provides the following itemized costs and sales data: 100,000 pieces of fry pans; unit value = $3.00 each; $50,000 identified as a credit for an over-payment by the buyer on a previous transaction, which has already been applied to the selling price; $5,000 of marine insurance; and $10,000 of ocean freight:

A. 250000

B. 305000

C. 310000

D. 315000

E. 350000

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The Answer is: E

Citation: 152.103

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