Mad Hatter Enterprises purchased new equipment for $361,000, terms f.o.b. shipping point. Other costs connected with the purchase were as follows:

State sales tax	$ 28,800
Freight costs	5,200
Insurance while in transit	760
Insurance after equipment placed in service	1,160
Installation costs	1,800
Insurance for the first year of operations	2,200
Testing	660

Required:

Determine the capitalized cost of the equipment.