An insurance investigator in Perth is reconstructing records of XYZ Company. Some data were destroyed in a fire, but the following data for the fiscal year survived:

	Cost of goods sold	$ 3,201,000
	Purchases of direct materials	800,000
	Factory overhead	1,300,000
	Sales commissions	200,000
	Direct labour	400,000
	Direct materials used	760,000
	Finished goods inventory - Beginning	780,500
	Finished goods inventory - Ending	?
	Gross profit	1,200,000
	Account payable - Beginning	170,150
	Account payable - Ending	150,000
	Work-in-process - Beginning	130,000
	Work-in-process - Ending	80,000

REQUIRED:

(Please show your workings clearly for the following question).

To evaluate a claim for a fire loss, compute the ending inventory of finished goods.