A fire destroys all of the merchandise of Buffalo Company on February 10, 2017. Presented below is information compiled up to the date of the fire. Inventory, January 1, 2017 $363,300 Sales revenue to February 10, 2017 1,848,600 Purchases to February 10, 2017 1,172,700 Freight-in to February 10, 2017 61,640 Rate of gross profit on selling price 45% What is the approximate inventory on February 10, 2017?

Question 14 A fire destroys all of the merchandise of Buffalo Company on February 10, 2017. Presented below is information compiled up to the date of the fire. Inventory, January 1, 2017 $363,300 Sales revenue to February 10, 2017 1,848,600 Purchases to February 10, 2017 1,172,700 Freight-in to February 10, 2017 61,640 45% Rate of gross profit on selling price What is the approximate inventory on February 10, 2017? Inventory at February 10, 2017 $ Open Show Work Click if you would like to Show Work for this