courses/35119/assignments/3665867 November December Cost of goods purchased $520,000 119,000 $718,000 111,060 Inventory, beginning-of-month Inventory, end-of-month 111,060 Sales revenue 838,000 966,000 Ayayai's ending inventory at December 31 was destroyed in a fire. Your answer is incorrect. Compute the gross profit rate for November. (Round answer to 0 decimal places, e.g. 15%.) Gross profit rate 63 % e Textbook and Media X Your answer is incorrect. Using the gross profit rate for November, determine the estimated cost of inventory lost in the fire. (Round answer Estimated cost of ending inventory $ 471640