-13 THE Waterway Company lost all of its inventory in a fire on December 26, 2022. The accounting records showed the following gross profit data for November and December November December (to 12/26) Net sales $615,500 $730,000 Beginning inventory 32,000 37,000 Purchases 388,000 428,000 Purchase returns and allowances 13,400 15,000 Purchase discounts 8,500 9.500 Freight-in 8,200 10.900 Ending inventory 37,000 ? Waterway is fully insured for fire losses but must prepare a report for the insurance company. Compute the gross profit rate for November Gross profit rate Using the gross profit rate for November, determine the estimated cost of the inventory lost in the fire. (Round answer to decimal places, e.g. 125.) Estimated inventory lost in fire $ Vaughn Books uses the retail inventory method to estimate its monthly ending inventories. The following information is available for two of its departments at October 31, 2022 Hardcovers Cost Retail Paperbacks Cost Retail $282,000 $360,000 1.145.000 1,550,000 $430,000 Beginning inventory $640,000 3,270,000 2.110.000 Purchases 13.000 Freight-in 25,000 21,000 44,000 Purchase discounts 1,590,000 3.300.000 Net sales At December 31, Vaughn Books takes a physical inventory at retail. The actual retail values of the inventories in each department are Hardcovers $615,000 and Paperbacks $335,000 Determine the cost-to-retail ratio. (Round answers to O decimal places, e.g, 25%.) Paperbacks Hardcovers % % Cost-to-retail ratio Determine the estimated cost of the ending Inventory for each department at October 31, 2022, using the retail inventory method. (Round answers to O decimal place, e.g. 25,120.) Hardcovers Paperbacks The estimated cost of the ending inventory e Textbook and Media Compute the ending inventory at cost for each department at December 31, 2022, assuming the cost-to-retail ratios forth are 63% for Hardcovers and 74% for Paperbacks. (Round answers to decimal places, eg. 25,120.) Hardcovers Paperbacks $ $ The ending inventory