Scenario, Sandon Corp sells high-performance stand-up paddleboards. The following costs were incurred in relation to 50 boards that were recently acquired: Amount paid to the supplier of the boards Import duties Transportation costs to point of sale Costs of modifying boards prior to sale Advertising costs Costs of transporting boards to customers $20000 $2000 $2500 $3000 $3500 $1000 Issue: You are to determine the cost of the inventory of stand-up paddleboards