Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $330,000. Shipping costs totaled $16,000. Foundation work to house the centrifuge cost $7,500. An additional water line had to be run to the equipment at a cost of $2,800. Labor and testing costs totaled $5,400. Materials used up in testing cost $2,200. The capitalized cost is:

Multiple Choice

• $356,300.

• $363,300.

• $363,900.

• $346,000.