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

Beginning inventory$330000

Net purchases1060000

Net sales2120000Percentage markup on cost66.67%

A fire destroyedSheridan's October 31 inventory, leaving undamaged inventory with a cost of $20500. Using the gross profit method, the estimated ending inventory destroyed by fire is

$97500.

$544833.

$565333.

$730000.