ao Company lost all of its inventory in a fire on December 26, 2017. The accounting records showed the following gross profit data for Novembe December November (to 12/26) $702,200 36,600 394,400 422,000 14,800 9,200 8,6009,700 Net sales $612,704 31,700 Beginning inventory Purchases Purchase returns and allowances Purchase discounts Freight-in Ending inventory 13,300 8,600 Bao is fully insured for fire losses but must prepare a report for the insurance company Compute the gross profit rate for November. (Round answer tol decinal place, e g. 25.S%J Gross profit rate LINK TO TEXT Using the gross profit rate for November, determine the estimated cost of the inventory lost in the fire. (Roond arswer to 0 decal Estimated Inventory lost in fire Click if you would like to Show Work for this question e.g. s