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

A fire destroys all of the merchandise of Marin Company on February 10, 2017. Presented below is information compiled up to the date of the fire. $396,800 Inventory, January 1, 2017 Sales revenue to February 10, 2017 1,923,000 Purchases to February 10, 2017 1,212,460 Freight-in to February 10, 2017 65,070 Rate of gross profit on selling price 40% What is the approximate inventory on February 10, 2017? Inventory at February 10, 2017

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