Metro Technology began the year with inventory of $320,000 and purchased $1,800,000 of goods during the year. Sales for the year are $3,895,000, and Metro Technology's gross profit percentage is 60% of sales. Compute Metro Technology's estimated cost of ending inventory by using the gross profit method.

Beginning inventory		$320,000
Purchases		1,800,000
Cost of goods available		2,120,000

Estimated cost of goods sold:
1			2
Less:	3		4
Estimated cost of goods sold			5
Estimated cost of ending inventory			6

I have numbered the blanks. 6 in total