Exercise 5-2 nventory costs C2 Walberg Associates, antique dealers, purchased the contents of chas an estate for $75,000. Terms of the pu e were FOB shipping point, and t g Associates insured the shipment at a cost of $300. Prior to putting the goods up for cost of the inventory acquired cost of transporting theg sale, they cleaned and refurbished them at a cost of $980. Determine the costo te from the estate