DKNY Company Limited uses the gross profit method to estimate inventory for monthly reports. Information follows for the month of May:

Inventory, May 1		$	359,000
Purchases			730,000
Freightin			52,000
Sales			1,310,000
Sales returns			75,200
Purchase discounts			11,400

Calculate the estimated inventory at May 31, assuming that the gross profit is 25% of sales.

Estimated inventory, May 31

$ ____________