A fire destroys all of the merchandise of Bridgeport Company on February 10, 2017. Presented below is information compiled up to the date of the fire.

Inventory, January 1, 2017$395,100Sales revenue to February 10, 20171,926,800Purchases to February 10, 20171,171,760Freight-in to February 10, 2017

54,510Rate of gross profit on selling price30%

What is the approximate inventory on February 10, 2017?

Inventory at February 10, 2017