A fire completely destroyed Rahuls timberyard including all his inventory and accounting records during the night of 31st March 2021. From copies of the bank statements and circularisation of his trade receivables and trade payables, you have ascertained the following figures: $ Inventory at 1st April 2020 10200 Trade Receivables at 1st April 2020 9300 Trade Payables at 1st April 2020 14500 During the year ended 31st March 2021, receipts from trade receivables amounted to $84900 while $87400 were paid to trade payables. Cash sales during the year amounted to 22600 which were ascertained from payments into the bank account. All purchases took place on credit. Rahul usually makes a gross profit to sales ratio (margin) of 30%. As at 31st March 2021, the following balances were available from circularisation of trade receivables and trade payables: $ Trade Receivables 12800 Trade Payables 10600

Required: Calculate the value of inventory destroyed by fire.