Riverbed Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May.

Inventory, May 1		$ 163,800
Purchases (gross)		651,200
Freight-in		29,500
Sales revenue		925,900
Sales returns		66,700
Purchase discounts		11,300

Compute the estimated inventory at May 31, assuming that the gross profit is 30% of cost. (Round percentage of sales to 2 decimal places, e.g. 78.74% and final answer to 0 decimal places, e.g. 6,225.)

The estimated inventory at May 31

$??????????????

P.S. $223,960 is not the right answer