Business, 04.12.2019 23:31 princessvaeh2625

Grouper corporation’s april 30 inventory was destroyed by fire. january 1 inventory was $160,600, and purchases for january through april totaled $474,000. sales revenue for the same period were $669,900. grouper’s normal gross profit percentage is 30% on sales. using the gross profit method, estimate grouper’s april 30 inventory that was destroyed by fire.

estimated ending inventory destroyed in fire. $

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Grouper corporation’s april 30 inventory was destroyed by fire. january 1 inventory was $160,600, an...

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