7 of 20 View Policies -/8 E Current Attempt in Progress Wildhorse Company lost all of its inventory in a fire on December 28, 2021. The accounting records showed the following gross profit data for November and December: November December (to Dec. 28) Sales $678,000 $963,000 Sales Returns and Allowances 17,000 24,000 Purchases 439,000 615,000 Purchase returns and allowances 19,000 22,000 Freight in 7,200 11,000 Beginning inventory 34,000 38,700 Ending inventory 38,700 ? Wildhorse is fully insured for fire losses but must prepare a report for the insurance company. Calculate gross profit for the month of November. Gross profit $ Question Part Score Calculate the gross profit margin percentage for November. (Round gross profit margin to 1 decimal place, e.g. 52.7%.) Gross profit margin % --/1 Ending inventory 38,700 ? Wildhorse is fully insured for fire losses but must prepare a report for the insurance company. Calculate gross profit for the month of November. Gross profit $ Question Part Score Calculate the gross profit margin percentage for November. (Round gross profit margin to 1 decimal place, e.g. 52.7%.) Gross profit margin Question Part Score % Determine the amount of inventory lost by Wildhorse Company as a result of the fire using the gross profit method. (Round gross profit margin to 1 decimal place, e.g. 52.7% and final answer to O decimal places, e.g. 5,275.) Inventory lost by Wildhorse EA $ Question Part Score Save for Later Attempts: 0 of 1 used Submit Answer --/1 --/1 --16