Bargain Company made total purchases of $275,000 in the most current year. It paid freight in of $1,000 on its purchases. Freight out, the cost to deliver the merchandise when it was sold to Bargain's customers, totaled $7,800. Of the total purchases Bargain made during the period, it returned $23,500 of the merchandise. Bargain took advantage of $2,900 of purchase discounts offered by its vendors. What was Bargain's cost of inventory? Bargain's cost of inventory is