Walberg Associates, antique dealers, purchased the contents of an estate for $39,300. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Walberg Associates' warehouse was $2,100. Walberg Associates insured the shipment at a cost of $330. Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $670.

Determine the cost of the inventory acquired from the estate.