During the month of June; Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Purchased gooss for $3,98 from 01anond Incorporated with terms 2.5/10,n/30, June 5 Returned goods costing $1,1 ee to Dianond Incorporated for credit on account, June 6 . Purchased goods fron Club Corporation for $250 with teras 3/10, n/30. June 11 Paid the balance owed to Dianond Incorporated. June 22. Paid Club Corporation in full. Required: Assume that Ace uses a perpetual inventory system and that the company had no inventory on hand at the beginning of the month. Calculate the cost of inventory as of June 30 . (Do not round intermediate calculations. Round your answer to 2 decimal places.)