Included in the 30 June 20X9 inventory of the Wholeridge Supply Company are 2600 deluxe ring binders in the amount of $5902. An examination of the most recent acquisitions of binders showed the following costs: 26 July 20X9, 2300 at $2.42 each; 6 June 20X9, 1900 at $2.28 each; 26 May 20X9, 2400 at $2.07 each. What is the misstatement in valuation of 30 June 20X9 inventory for deluxe ring binders, assuming FIFO inventory valuation? Would your answer be different if the 26 July 20X9 acquisition was for 2300 binders at $2.12 each?