Savings Unlimited made total purchases of $315,000 in the most current year. It paid freight in of $5,500 on its purchases. Freight out (the cost to deliver the merchandise to its customers) totaled $9,400. Of the total purchases, Savings Unlimited returned $23,500 of the merchandise. Savings Unlimited took advantage of $3,100 of purchase discounts offered by its vendors. What was Savings Unlimited's cost of inventory?