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Best Buy Company made total purchases of $255,000 in the most current year. It paid freight in of $2,500 on its purchases. Freight out, the

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Best Buy Company made total purchases of $255,000 in the most current year. It paid freight in of $2,500 on its purchases. Freight out, the cost to deliver the merchandise when it was sold to Best Buy's customers, totaled $8,900. Of the total purchases Best Buy made during the period, it returned $24,500 of the merchandise. Best Buy took advantage of $2,900 of purchase discounts offered by its vendors. What was Best Buy's cost of inventory? Best Buy's cost of inventory is $

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