Risotto Co purchased a quantity of inventory, incurring the following total costs:

	$
Base cost	230,000
Irrecoverable sales tax	46,000
Shipping	22,000
Storage	15,000
Allocation of administration costs	9,000
Total	322,000

What amount should Risotto Co include in the statement of financial position for the batch of inventory?

$307,000

$322,000

$298,000

$276,000