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. $

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.