Walmart, a producer of office supplies, wants to calculate the amount of inventory lost due to flooding. It has an average gross profit margin of 45%. The following details are accessible:
(1) Beginning inventory:	$150,000
(2) Purchases:	$530,850
(3) Purchases returns and allowances:	$5,000
(4) Transportation-in:	$9,725
(5) Sales:	$900,000
(6) Sales returns and allowances:	$10,000
Use the gross profit method to determine the ending inventory value that was destroyed. If required, round numbers to the closest dollar.