my Solution: Inventory = $ 2,920 - $ 30 ( cash Discount received ) + $ 50 ( freight Charges ) + $ 130 ( travel expenses ) = $ 3130.

What did I do Wrong?

Question 5 EX Your answer is incorrect. Try again. Topp Hat Shop received a shipment of hats for which it paid the wholesaler $2,920. The price of the hats was $2,950 but Topp was given a $30 cash discount and required to pay freight charges of $50. In addition, Topp paid $130 to cover the travel expenses of an employee who negotiated the purchase of the hats. What amount will Topp record for inventory? Inventory Cost 3130