last option is transportaion out

Walberg Associates, antique dealers, purchased goods for $75,000. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Walberg Associates's warehouse was $2,400. Walberg Associates insured the shipment at a cost of $300. Prior to putting the goods up for sole, they cleaned and refurbished them at a cost of $980. Determine the cost of inventory