Value of Inventory after Landed Cost?

I'm using the online "sample" company to play around with landed costs.  I've been able to set up the accounts, items and also assign the landed cost to the inventory invoice and it seems to be working fabulously.  I'm wondering what happens behind the scenes though because  I ran an Inventory Valuation Detail Report both before and after assigning the freight cost to the inventory invoice but I don't see a change in the cost of the inventory on the report.  Am I incorrect in thinking that adding the freight cost to the cost of then inventory would change the cost on reports?  Am I just running the wrong report to see this change?

I've attached a spreadsheet of the Inventor Valuation Detail reports with pre- and post landed cost postings.