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

Inventory, May 1		$	366,000
Purchases			727,000
Freightin			52,000
Sales			1,260,000
Sales returns			77,000
Purchase discounts			12,100

Estimated inventory, May 31

$245650

Calculate the estimated inventory at May 31, assuming that the markup on cost is 25%.

Estimated inventory, May 31

$________