Grape Ape Vape uses LIFO inventory valuation and begins 2022 with $500 of inventory. During 2022, the company purchase inventory with a cost of $300 and pays an additional $25 for delivery of these goods. A physical inventory count at the end of the year reveals that the ending inventory has a cost of $150. What will the company report as Cost of Goods Sold on its income statement for year ended 12/31/2022?