Ute Co. had the following transactions with its 90% owned subsidiary (Cougar) during 20X1:

Purchases of inventory materials totaling $475,000 from Cougar Corp. Cougar's gross profit on the sale was 40%. Ute had $90,000 of this inventory remaining on December 31, 20X1. Before consolidating entries, Ute had consolidated inventory of $905,000.

What is the total inventory value that will be reflected on Ute Consolidate Financial Statement at December 31st, 20X1