On September 28, 2019, a fire destroyed the entire merchandise inventory of Carroll Corporation. The following information is available:
Sales, January 1–September 28, 2019 .................................................................................$560,000
Inventory, January 1, 2019 ....................................................................................................$170,000
Merchandise purchases, January 1–September 28, 2019 (including $60,000 of goods in transit on 

September 28, 2019, shipped FOB shipping point) ............................................................$472,000
Markup percentage on cost ...................................................................................................25%

Required:
What is the estimated inventory on September 28, 2019, immediately prior to the fire?