Whispering Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May.

Inventory, May 1		$ 171,100
Purchases (gross)		686,700
Freight-in		28,700
Sales revenue		1,067,400
Sales returns		63,300
Purchase discounts		11,300

Compute the estimated inventory at May 31, assuming that the gross profit is 30% of net sales.

The estimated inventory at May 31is ______

Compute the estimated inventory at May 31, assuming that the gross profit is 30% of cost. (Round percentage of sales to 2 decimal places, e.g. 78.74% and final answer to 0 decimal places, e.g. 6,225.)

The estimated inventory at May 31 is ______