Cirtus Corporation, a U.S. corporation, placed a preliminary order for inventory from a Mexican supplier on September 18 when the spot rate was $0.0840 = 1 peso. The invoice price will be denominated in pesos. This does not qualify as a firm purchase commitment. Also on September 18, they entered into a 30-day forward contract (designated as a cash flow hedge of the anticipated purchase) to purchase 860,000 pesos at a forward rate of $0.0810. On October 18 when the inventory was received, the spot rate was $0.0890. At what amount should the inventory be carried on Cirtus' books on October 18?

		$76,540
		$860,000
		$69,660
		$72,240