On July 1, 2019, Powder Inc., based in British Columbia, ordered merchandise from an American supplier for US$600,000. Delivery was scheduled for the month of October, with payment to be made in full on November 15, 2019. Once the order was placed, Powder entered into a forward contract with its bank to purchase US$600,000 on November 15, 2019 at the forward rate of CDN$1.3625. The forward contract was designated as a cash flow hedge of the cash flow required to settle with the American supplier. The merchandise was received on October 1, 2019 and Powder purchased the U.S. dollars needed to pay its supplier on November 15, 2019. A summary of the significant dates and exchange rates pertaining to this transaction are as follows:

Date	Spot Rates	Forward Rates - for contracts expiring on November 15, 2019
July 1, 2019	US$1 = CDN$1.3445	US$1 = CDN$1.3625
October 1, 2019	US$1 = CDN$1.3575	US$1 = CDN$1.365
October 31, 2019	US$1 = CDN$1.369	US$1 = CDN$1.37
November 15, 2019	US$1 = CDN$1.3725	US$1 = CDN$1.3725

What is the cost of the inventory to Powder if the exchange gain or loss on the forward contract is adjusted to the value of the inventory on the delivery date?

a. CDN$814,500

b. CDN$819,000

c. CDN$813,000

d. CDN$806,700