On October 8, a hurricane destroyed the entire merchandise inventory on hand of Unilever PLC. The following information is available:

Sales, January 1 through October 8	$	683,000
Inventory, January 1		134,000
Purchases, January 1 through October 8		648,000
Gross profit ratio		23	%

What is the estimated inventory on October 8 immediately prior to the hurricane?

Multiple Choice

• $257,690.

• $256,090.

• $149,040.

• $525,910.