Question - A fire destroys all of the merchandise of Bridgeport Company on February 10, 2017. Presented below is information compiled up to the date of the fire.
Inventory, January 1, 2017$395,100 Sales revenue to February 10, 20171, 926,800 Purchases to February 10, 20171, 171,760 Freight-in to February 10,2017 54,510 Rate of gross profit on selling price 30%
What is the approximate inventory on February 10, 2017?