Walberg Associates, antique dealers, purchased goods for $38,200. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Walberg Associates's warehouse was $1,550. Walberg Associates insured the shipment at a cost of $220. Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $560. Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of 980. Determine the cost of the inventory acquired from the estate.