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The Following Information Is Available for the Williston Company for the Month

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The following information is available for the Williston Company for the month ended September 30:
 Inventory, September 1 $600,000 Purchases 2,250,000 Freight In 150,000 Sales 3,200,000\begin{array}{lc}\text { Inventory, September 1 } & \$ 600,000 \\\text { Purchases } & 2,250,000 \\\text { Freight In } & 150,000 \\\text { Sales } & 3,200,000\end{array} The gross margin was 40 percent of sales. What is Williston's estimated inventory balance at September 30?

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