Acco Canada, a manufacturer of office supplies, wants to estimate inventory destroyed by flood. Its average gross profit percentage is 45%. The following information is available: (1) Beginning inventory (2) Purchases: $150,000 $530,850 (3) Purchases returns and allowances: $5,000 (4) Transportation-in: $9,725 (5) Sales: (6) Sales returns and allowances: $900,000 $10,000 Calculate the value of the destroyed ending inventory using the gross profit method. Round numbers to the nearest dollar, if necessary.