ADM Corporation uses the perpetual inventory system and had the following information available for 2019:

					Units			Unit Cost		Total Cost
Jan	1		Beginning inventory	15		$4.00			$ 60
	20		Purchase	60		4.40			264
	21		Sale	65		-			-
Jul	25		Purchase	30		4.20			126
Oct	20		Purchase	45		4.80			216
Nov	15		Sale	75		-			-

Assume that the company uses the FIFO cost method. The value of the inventory after the Oct 20 purchase was

(Use unrounded numbers in your calculations but round your final answer to the nearest cent.)

Question 34 options:

	$386.00
	$277.65
	$624.29
	$398.25
	None of the above