Triangle Corp., headquartered in Tupelo Mississippi, owns Feline, Inc., a French catering company who\'s functional currency is the Euro.

Feline uses average cost in determining the carrying amount of its inventory and prvided the following reconciliation of its inventory for the year ended 2022.

Beginning Inventory 20,000

Purchases 400,000

Ending Inventory 15,000

(All in Euros)

Relevant Exchange rate follow

4th quarter average, 2021 $0.93 = 1 euro

12/31/2021 $0.94 = 1

Average for 2022 $0.96 = 1

4th quarter average, 2022 $0.99 = 1

12/31/2022 $1.01 = 1

What amount will Triangle record in it\'s financial statements for Feline\'s cost of goods sold for 2022 if Triangle uses the current rate method.