Yarn Imports Corp. is preparing an inventory listing, and is assigning a cost to inventory that arrived on December 29, two days before the end of the year. The following elements of potential cost have been identified:
Invoice price; the amount was prepaid when the goods were ordered because the supplier offered a 5%.discount for payment up front. Goods were custom-manufactured for Yarn after the order date.The invoice price was for $50,400, less 5%HST on invoice price, $7,182 Interest on borrowed money between the time the deposit was paid and the goods were delivered, $465 Delivery charges, paid by the supplier, $2,020
Calculate the value to include in inventory of Yarn Imports Corp. Value to be included in inventory would be?