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A company purchases inventory and incurs the following costs: the cost of the merchandise is $60,000, credit terms are 1/10, n/30; FOB shipping point freight

A company purchases inventory and incurs the following costs:

the cost of the merchandise is $60,000, credit terms are 1/10, n/30;

FOB shipping point freight charges are $1,100;

insurance during transit is $750;

assembly cost of $800: and

advertising costs of $1,200 for the sale of the inventory

If the company paid within the discount period, the cost that should be assigned to inventory is $

(I dont need explanation just answer)

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