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Walberg Associates, antique dealers, purchased goods for $ 3 9 , 0 0 0 . ?Terms of the purchase were FOB shipping point, and the

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Walberg Associates, antique dealers, purchased goods for $39,000. ?Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Walberg Associates's warehouse was $1,950. ?Walberg Associates insured the shipment at a cost of $300. ?Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $640.
Determine the cost of inventory.
\table[[Cost of inventory,],[,],[,],[,],[,],[Total cost of inventory,]]
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