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Crane Company lost all of its inventory in a fire on December 28, 2021. The accounting records showed the following gross profit data for November

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Crane Company lost all of its inventory in a fire on December 28, 2021. The accounting records showed the following gross profit data 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 Purchase returns and allowances 18,000 22,000 Freight in 7,200 14,000 Beginning inventory 35,000 39,700 Ending inventory 39,700 ? Calculate the gross profit margin percentage for November. (Round gross profit margin to 1 decimal place, e.g. 52.7%.) Gross profit margin % Question Part Score --/1 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, e.g. 52.7% and final answer to O decimal places, e.g. 5,275.) Inventory lost by Crane $

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