Backstreet Company wants to estimate inventory destroyed by flood. Its average gross profit percentage is 30%. The following information is available: Beginning inventory Purchases Purchases returns and allowances Transportation-in Sales Sales returns and allowances Required $ 223,580 660,425 8,740 6,725 1,085,950 47,760 Calculate the value of the destroyed ending inventory using the gross profit method. Round numbers to the nearest dollar, if necessary