Princeton, Inc. maintained average inventory of $26,248 for the year 2004. Recently managers at Princeton discovered that inventory sits on the shelf for approximately 60 days before being sold. What it the cost of goods sold (COGS) for the Princeton, Inc. for 2004? (Assume 360 days a year).

157,488
		$185,431
		$209,984
		$287,654
		None of the Above