Current Attempt in Progress

On October $13,2024,$ a fire destroyed one of Pharoah Company's warehouses, including all of the inventory stored there and in the adjacent lumber yard. The fire did not affect the inventory held at the company's other locations. The accounting records were kept at Pharoah's head office in Fort McMurray, Alberta. A review of the records revealed the following information:

Purchases up to October $13$

$$417,120$

Cost of inventory on hand, January $1$

$$316,800$

Sales up to October $13$

$$1,320,000$

Gross margin ratio for $2024$

$65\%$

A count of inventory on hand at the other locations revealed that inventory costed at $$100,320$ was on hand.

Estimate the cost of the inventory that was destroyed in the fire.

The cost of the inventory destroyed in the fire $