Please, prepare the cost sheet, based on the following information.

a) Commodity: Icumsa 45 Sugar

b) Quantity: 100,000 MT in bulk
c) Exchange rate: US $1.00 = CAD $1.25
d) Cost Ex-warehouse: CAD$25,000,000
e) Trucking (freight to dock): CAD$500,000
f) Wharfage and handling: CAD$4 per MT
g) Finance charge: 2.5%
h) Profit margin: 7%
i) Agent’s commission: CAD$100,000
j) Ocean freight: US$5,000,000 for total shipment
k) Marin insurance: 1% on110% of the C&F value

Please, use the attached cost sheet to make your calculations, show all calculations,

Round your final answer to the nearest dollar amount; then, put the final price to
the nearest $5 amount.
 Costs CAD$ US$ Notes
Cost Cost
Cost [EXW] Ex-warehouse $250

Trucking (freight to dock) $5

Cost to Dock $255 250+5

Wharfage and Handling $4

Cost FAS (beside vessel) $259 255+4

Finance Charge $6.47 $259x2.5%

Profit Margin $18.58 ($259+$67)x7.5%

Agent’s Commission $1

Price FOB $285.05 259+6.47+18.58+1

Convert to US$ $228.04 285.04/1.25

(move to new column)
Ocean Freight $50

Price [CFR] C&F $278.04 228.04+50

Marine Insurance $3.06 278.04x110%x1%

40Total [CIF] CIF $281.1 %278.04+3.06

Round to the nearest US$ $281

Round to the nearest US$5 $280