3 Check my work 1 Exercise 5-2 Inventory costs LO C2 1 points 8 04:33:11 Walberg Associates, antique dealers, purchased goods for $75,000. Terms of the purchase were FOB shipping point and the cost of transporting the goods to Walberg Associates's warehouse was $2,400, 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 $980. Determine the cost of inventory BOOK Cost of Inventory Hint Total cost of inventory $