The following information is available for October for Crane Company. (Round answers to 0 decimal places, e.g. 5,275.)

Beginning inventory

$390000

Net purchases

1180000

Net sales 2360000

Percentage markup on cost

66.67%

A fire destroyed Crane's October 31 inventory, leaving undamaged inventory with a cost of $23500. Using the gross profit method, the estimated ending inventory destroyed by fire is

$629333.

$130500.

$605833.

$790000.