Current Attempt in Progress Lily Company lost all of its inventory in a fire on December 26, 2022. The accounting records showed the following inventory-related data for November and December. Lily is fully insured for fire losses but must prepare a report for the insurance company. (a) Compute the gross profit rate for November. Gross profit rate % eTextbook and Media Attempts: 0 of 5 used (b). Using the gross profit rate for November, determine the estimated cost of the inventory lost in the fire. Estimated inventory lost in fire $