During the months of January and February. Axe Corporation purchased goods from three suppliets. The sequence of events was as follows: January 6 Purchosed goods for $1,000 fron wreen with terms 2.5/10, n/3e. 7anuary \& Purchased goods froe Munoz for $1,100 ulth terms 3/10,n/30. Tanuary 14 Pald Green in full. Febeuary 2. Pald thanaz in full. febrwary 28 Purchased goods for $250 from Reypolds whth terms n/30 - Required: Assume that Axe uses a perpetual inventory system, the company had no inventory on hand at the beginning of January, and no sales were made during Januaty and February. Caiculate the cost of inventory as of February 28