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Exercise 6-19 a-b (Part Level Submission) Sunland Company reported the following information for November and December 2020. November December Cost of goods purchased $531,000 $ 605,000 Inventory, beginning-of-month 128,000 164,840 Inventory, end-of-month 164,840 ???? Sales revenue 852,000 1,000,000 Sunland's ending inventory at December 31 was destroyed in a fire. (a) Your answer is correct. Compute the gross profit rate for November. (Round answer to 0 decimal places, e.g. 15%.) Gross profit rate 42 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT (b) Using the gross profit rate for November, determine the estimated cost of inventory lost in the fire. ( Round answer to 0 decimal places, e.g. 1,250.) Estimated cost of ending inventory Click if you would like to Show Work for this question: Open Show WorkBrief Exercise 6-08 Bramble Video Center accumulates the following cost and net realizable data at December 31. Net Inventory Cost Realizable Categories Data Value Data Cameras $15,780 $16,174 Camcorders 12,492 12,755 Blu-ray players 18,410 16,963 Compute the lower-of-cost-or-net realizable value valuation for the company's total inventory. The lower-of-cost-or-net realizable value $ Click if you would like to Show Work for this question: Open Show WorkBrief Exercise 6-11 At May 31, Coronado Company has net sales of $360,000 and cost of goods available for sale of $250,000. Compute the estimated cost of the ending inventory, assuming the gross profit rate is 35%. Estimated cost of ending inventory Click if you would like to Show Work for this question: Open Show Work