Swifty 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 Purchases (gross) Freight-in Sales revenue Sales returns Purchase discounts (a) $174.100 688,900 27,300 995.000 73.400 11,600 Compute the estimated inventory at May 31, assuming that the gross profit is 25% of sales. The estimated inventory at May 31