OrioleCosmetics Inc. had a number of transactions during the year relating to the purchase of various inventory items as noted below.

For each of the below independent transactions determine what amount should be included in inventory.

1. Lipstick products counted in the physical inventory amount to $21,400which include $1,200of duty charges for importing the goods and $2,300of recoverable taxes.
2. Makeup kits held on consignment by a retailer with a cost of $15,000(inclusive of $1,200of commissions to the retailer).
3. Costs of $5,600to store makeup products inOrioleCosmetic's warehouse.