Crane Company lost all of its inventory in a fire on December 28,2021. The accounting records showed the following gross proftdata for November and December: November December (to Dec. 28) Sales $673,000 $964,000 Sales Returns and Allowances 16,000 27,000 Purchases 442,000 622.000 18,000 22.000 Purchase returns and allowances Freight in Beginning inventory 7.200 14.000 35.000 39,700 ? Ending inventory 39.700 Crane is fully insured for fire losses but must prepare a report for the insurance company November Calculate gross profit for the month of November Gross profit $ Question Part Score --/3 Calculate the gross profit margin percentage for November. (Round gross profit margin to 1 decimal place, es, 52.7%) Gross profit margin % Determine the amount of inventory lost by Crane Company as a result of the fire using the gross profit method (Round gross profit margin to 1 decimal place, s. 52.7% and final answer to O decimal places, es 5,275) Inventory lost by Crane