Crane company lost all of its inventory in a fire on December $26,2022$ the accounting record showed the following inventory related data for November and December net sales $600,000$ for November beginning inventory $30,000$ for November $392,000$ in November purchase returns and allowances $13,500$ for November purchase discounts $8500$ for November freight in $8000$ for November ending inventory $36,000$ for November December shows net sells of $700,000$ beginning inventory of $36,000$ purchases of $420000$ purchases return allowances $14,500$ purchased discounts $9500$ freight in $9900$ and the ending inventory is questionable to compute the gross profit rate for November it is $38\%$ using the gross profit rate for November determine the estimated cost of the inventory lost in the fire the estimated inventory lost in the fire is what amount?