Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, and using a 365-day year, calculate Average Day's Cost of Goods Sold.

Round the answers to two decimal places

Balance Sheet December 31, 2011

Cash and marketable securities$143,000 Accounts payable$278,000 Accounts receivable$354,000 Notes payable$87,000 Inventories$672,000 Accrued expenses$65,000 Prepaid expenses$12,500 Total current liabilities $430,000 Total current assets$1,181,500 Long-term debt$284,000 Gross fixed assets$1,675,000 Par value and paid-in-capital$228,000 Less: accumulated depreciation$500,000 Retained Earnings$1,414,500 Net fixed assets$1,175,000 Common Equity 1,642,500 Total assets $2,356,500 Total liabilities and owner's equity$2,356,500

Income Statement Year of 2011

Net sales (all credit)$3,136,600.00 Less: Cost of goods sold$2,195,620.00 Selling and administrative expenses$345,000.00 Depreciation expense$146,000.00 E.B.I.T $449,980.00 Interest expense$45,300.00 Earnings before taxes$404,680.00 Income taxes $161,872.00 Net income$242,808.00