3.LO 6.1: Inventory expenditures. Beerbo began its fiscal year 2022 with no inventory. On January 2, 2022, Beerbo purchased $260,000 of inventory on account from MFG.Co and paid $3,500 in shipping to...

3.LO 6.1: Inventory expenditures. Beerbo began its fiscal year 2022 with no inventory. On January 2, 2022, Beerbo purchased $260,000 of inventory on account from MFG.Co and paid $3,500 in shipping to get the inventory to its warehouse. On January 4, 2022, it returned $25,500 of merchandise to MFG.CO. On January 5, 2022, Beerbo paid the balance owed to MFG.Co net of a $2,800 discount for early payment. On January 12, 2022, Beerbe sold all of its inventory to Mitter Lite for $350,500 and incurred the following costs to ship the goods: Freight out: $1,200 Insurance on shipment to Mitter: $500 Tariff taxes on shipment to Mitter: $45 From Beerba's perspective, what was the cost of the inventory it sold to Mitter?