Trinkets Company made total purchases of $280,000 in the most current year. It paid freight in of $3,000 on its purchases. Freight out, the cost to deliver the merchandise when it was sold to Trinkets's customers, totaled 59,600. Of the total purchases Trinkets made during the period, it returned $23.500 of the merchandise. Trinkets took advantage of $3,100 of purchase discounts offered by its vendors. What was Trinkets's cost of Inventory? Trinkets's cost of inventory is