Kembla Inc sells kite-boards. The following costs were incurred in relation to 100 boards that were recently acquired:

Amount paid to the supplier of the boards	$55 000
Import taxes duties	$5 000
Transportation costs to point of sale	$2 500
Costs of modifying kites prior to sale	$4000
Advertising costs	$2 500
Sales commissions expected to be paid to salespeople who will sell the boards	$3 000
Costs of transporting boards to customers after a sale has been made	$1000

You are to determine the cost of the inventory of kite-boards.