A company purchased a high-speed industrial centrifuge at a cost of $350,000. Shipping costs totaled $14,000. Foundation work to house the centrifuge cost $8,800. An additional water line had to be run to the equipment at a cost of $2,900. Labor and testing costs totaled $6,600. Materials used up in testing cost $3,400. The capitalized cost is:

$364,000.

$375,700.

$385,700.

$388,600.