Question: Jeff Probst purchased inventory for his computer store at a cost of $3,750. Taxes amounted to $175 and transportation costs to get the inventory to

Jeff Probst purchased inventory for his computer store at a cost of $3,750. Taxes amounted to $175 and transportation costs to get the inventory to the store was $250. Assembly of parts cost $300 and minor repairs to damage incurred during transit was $90. What is the cost of the inventory on Jeffs balance sheet?

  1. $3,750

  2. $4,475

  3. $4,390

  4. $4,565

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