On August 31, a hurricane destroyed a retail location of Blossom's Clothier including the entire inventory on hand at the location. The inventory on hand as of June 30 totaled $1910000. Since June 30 until the time of the hurricane, the company made purchases of $504000 and had sales of $1492000. Assuming the rate of gross profit to selling price is 40%, what is the approximate value of the inventory that was destroyed?

$1910000.

$1014800.

$1518800.

$1817200.