Crane Company reported the following information for November and December 2020.

		November		December
Cost of goods purchased		$536,000		$ 606,000
Inventory, beginning-of-month		124,000		136,010
Inventory, end-of-month		136,010		????
Sales revenue		859,000		1,000,000

Cranes ending inventory at December 31 was destroyed in a fire.

Using the gross profit rate for November, determine the estimated cost of inventory lost in the fire. (Round answer to 0 decimal places, e.g. 1,250.)

Estimated cost of ending inventory