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

Beginning inventory	$300000
Net purchases	1000000
Net sales	2000000
Percentage markup on cost	66.67%

A fire destroyed Ivanhoes October 31 inventory, leaving undamaged inventory with a cost of $19000. Using the gross profit method, the estimated ending inventory destroyed by fire is

$514333.

$81000.

$533333.

$700000.