Wildhorse Corporation?s April 30 inventory was destroyed by fire. January 1 inventory was $152,800, and purchases for January through April totaled $491,700. Sales revenue for the same period was $725,700. Wildhorse?s normal gross profit percentage is?35% on sales.

Using the gross profit method, estimate Wildhorse?s April 30 inventory that was destroyed by fire.

Estimated ending inventory destroyed in fire