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Can someone help me with this accounting question im having troubles with? would appreciate it. Can you please explain step by step process please like

Can someone help me with this accounting question im having troubles with? would appreciate it. Can you please explain step by step process please like what numbers to add and subtract. i dont understand it.

Topp Hat Shop received a shipment of hats for which it paid the wholesaler $2,920. The price of the hats was $2,950 but Topp was given a $30 cash discount and required to pay freight charges of $50. In addition, Topp paid $130 to cover the travel expenses of an employee who negotiated the purchase of the hats. What amount will Topp record for inventory?

Inventory cost:____________?

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