Sarasota Inc.s April 30 inventory was destroyed by the explosion of an underground oil tank. January 1 inventory was $324,000 and purchases for January through April totalled $794,000. Sales for the same period were $1.1 million. Sarasota 's normal gross profit percentage is 30%. Using the gross profit method, estimate the amount of Sarasota 's April 30 inventory that was destroyed.

Estimated ending inventory destroyed in explosion $