Inventory of Blue Zone Merchandise business destroyed by flood on June $20,2023.$ Historical data were found in the accounting records.

January $1$ Beginning

Inventory $$375,000$

January $1$ up to June $20$

purchase $$532,500$

January I up to June $20$

sales $$718,400$

$2023$ Estimated gross profit ratio

$45\%$

Based on the given data estimate the cost of the inventory destroyed. use the gross profit method.