The following information is available regarding direct materials for a month.
Inventory is valued using the first in, first out (FIFO) method.
What was the cost of the materials issued to production for the month?

1 )
$\$ 363000$
2 )
$\$ 367500{\text{ }}$
$\$ 383000{\text{ }}$
4 )
$\$ 385000{\text{ }}$
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