Included in the December 31, 20162016, inventory of the Cat's MeowCat's Meow Supply Company are 2 comma 5002,500 deluxe ring binders in the amount of $6 comma 8156,815. An examination of the most recent acquisitions of binders showed the following costs: January 26, 20172017, 2 comma 0002,000 at $ 2.88$2.88 each; December 6, 20162016, 1 comma 5001,500 at $ 2.75$2.75 each; November 26, 20162016, 2 comma 1002,100 at $ 2.45$2.45 each. What is the misstatement in valuation of the December 31, 20162016, inventory for deluxe ring binders, assuming FIFO inventory valuation? What would your answer be if the January 26, 20172017, acquisition was for 2 comma 0002,000 binders at $2.502.50 each?