A fire destroys all of the merchandise of Cheyenne Company on February
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A fire destroys all of the merchandise of Cheyenne Company on February 10, 2017. Presented below is information compiled up to the date of the fire. Inventory, January 1, 2017 $381,900 Sales revenue to February 10, 2017 1,929,500 Purchases to February 1
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A fire destroys all of the merchandise of Cheyenne Company on February 10, 2017. Presented below is information compiled up to the date of the fire. Inventory, January 1, 2017 $381,900 Sales revenue to February 10, 2017 1,929,500 Purchases to February 1

$15.00 $30.00

A fire destroys all of the merchandise of Cheyenne Company on February
10, 2017. Presented below is information compiled up to the date of the fire.

Inventory, January 1, 2017
$381,900
Sales revenue to February 10, 2017
1,929,500
Purchases to February 10, 2017
1,130,430
Freight-in to February 10, 2017

59,110
Rate of gross profit on selling price
35%

What is the approximate inventory on February 10, 2017?

Inventory at February 10, 2017
$

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