Practice Brief Exercise 9-4 Grouper Corporation's March 31 inventory was destroyed by fire. January 1 inventory was $193,500, and purchases for January through March totaled $670,800. Sales revenue for the same period was 774,000, Grouper's normal gress profit percentage is 25% on sales. Using the gross profit method, estimate Grouper's March 31 inventory that was destroyed by fire Estimated ending inventory destroyed in fire