Find the cost of inventory

onnect Assignment During the month of June, Ace Incorporated June 3 Purchased goods for $4,eee from Diamond Inc. with terms 2/15, n/60. purchased goods from two suppliers. The sequence of events was as follows: 5 Returned goods costing $1,ee0 to Diamond Inc. for credit on account. 6 Purchased goods from Club Corp. for $1,55e with terns 2/15, n/68. 11 Paid the balance owed to Diamond Inc 22 Paid Club Corp. 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.) Cost of Inventory