On august 18, a fire destroyed the office, lumber shed, and a considerable portion of the lumber stacked in the yard. to file a report of loss for insurance purposes, the company must know what the inventories were immediately preceding the fire. no detail or perpetual inventory records of any kind were maintained. the only pertinent information you are able to obtain are the following facts from the general ledger, which was kept in a fireproof vault and thus escaped destruction.
lumber
millwork
hardware
inventory, jan. 1, 2014 $265,900 $93,470 $45,600
purchases to aug. 18, 2014 1,544,900 375,100 160,300
sales to aug. 18, 2014 2,064,500 538,590 261,240

submit your estimate of the inventory amounts immediately preceding the fire.

inventory $

lumber $

millwork $

hardware $