Question 14 A fire destroys all of the merchandise of Blue Company on February 10, 2017. Presented below is information compiled up to the date of the fire. Inventory, January 1, 2017 $436,700 Sales revenue to February 10, 2017 1,916,100 Purchases to February 10, 2017 1,097,330 Freight-in to February 10, 2017 61,360 Rate of gross profit on selling price 25% What is the approximate inventory on February 10, 2017?

Inventory at February 10, 2017 $__________