A company purchased inventory for $2,500 from a vendor on account, FOB shipping point, with terms of 2/10, n/30. The company paid the shipper $200 cash for freight in. The company then returned damaged goods worth $400. The invoice was then paid eight days after the invoice date. Assuming that there was no beginning inventory balance, the cost of inventory would be ________. (Assume a perpetual inventory system.) Please show your calculation process.