Best Buy Company made total purchases of $315,000 in the most current year. It paid freight in of $5,500 on its purchases. Freight out, the cost to deliver the merchandise when it was sold to Best Buy's customers, totaled $9,600. Of the total purchases Best Buy made during the period, it returned $22,000 of the merchandise. Best Buy took advantage of $3,100 of purchase discounts offered by its vendors. What was Best Buy's cost of inventory? Best Buy's cost of inventory is