what is the total cost of inventory?

E6-7 Reporting Purchases and Purchase Discounts Using a Perpetual Inventory System [LO 6-3]

During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as follows:

Jan. 6	Purchased goods for $1,700 from Green with terms 3/15, n/60.
6	Purchased goods from Munoz for $1,150 with terms 3/15, n/60.
14	Paid Green in full.
Feb. 2	Paid Munoz in full.
28	Purchased goods for $600 from Reynolds with terms 3/15, n/60.