Here's a list I typed up a week or two ago. Prices are from Tower Hobbies. It's split into two orders to take advantage of the gift certificate on the second order. Alternatively, it could be done as one order and the gift certificate used later.

Basic setup
Radio: Futaba Skysport 4YF 2 S3001 $120 + $20 gift certificate
Plane: GWS Slow stick $35
Batteries: $40
Charger: $30
Speed control: $30
Misc (props, tools, etc): $50

Order 1:
Radio $120
Speed cntl $ 30
Shipping $ 8
Discount -$ 15
Total $143

Order 2:
Plane $ 35
Batteries $ 40
Misc $ 50
Charger $ 30
Gift cert -$ 20
Discount -$ 15
Shipping $ 8
Total $128

Total startup cost $271