Current Attempt in Progress

Vaughn Lumber Company handles three principal lines of merchandise with these varying rates of gross profit on cost.

Lumber		25%
Millwork		30%
Hardware and fittings		40%

On August 18, a fire destroyed the office, lumber shed, and a considerable portion of the lumber stacked in the yard. To file a report of loss for insurance purposes, the company must know what the inventories were immediately preceding the fire. No detail or perpetual inventory records of any kind were maintained. The only pertinent information you are able to obtain are the following facts from the general ledger, which was kept in a fireproof vault and thus escaped destruction.

		Lumber		Millwork		Hardware
Inventory, Jan. 1, 2020		$254,900		$89,500		$45,000
Purchases to Aug. 18, 2020		1,488,400		381,300		160,400
Sales to Aug. 18, 2020		2,085,700		536,900		215,600

Submit your estimate of the inventory amounts immediately preceding the fire. (Round ratios for computational purposes to 5 decimal places, e.g. 78.74265% and final answers to 0 decimal places, e.g. 28,987.)

		Lumber		Millwork		Hardware
Inventory		$		$		$