Desmarais Corporation uses the periodic inventory system and had the following inventory information available for 2019:

						Units			Unit Cost		Total Cost
Jan		1		Beginning inventory	15		$4.00			$ 60
		20		Purchase	60		4.40			264
Jul		25		Purchase	30		4.20			126
Oct		20		Purchase	45		4.80			216
					150					$666

A physical inventory count on December 31 showed that there were 50 units on hand.

Assume that the company uses FIFO. The value of the cost of goods sold for the year ended December 31, 2019 is

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

Question 45 options:

	$426.00
	$267.65
	$754.32
	$416.58
	None of the above