Sheridan Company purchased machinery on January 1 at a list price of $320000, with credit terms 2/10, n/30. Payment was made within the discount...
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Sheridan Company purchased machinery on January 1 at a list price of $320000, with credit terms 2/10, n/30.

Payment was made within the discount period. Sheridan paid $22250 sales tax on the machinery, and paid installation charges of $4100. Prior to installation, Sheridan paid $11200 to pour a concrete slab on which to place the machinery. What is the total cost of the new machinery?



$339950.


$335850.


$351150.


$357550

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