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Exercise 6-19 a-b (Part Level Submission) Carla Vista Company reported the following information for November and December 2020. November December Cost of goods purchased $533,000

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Exercise 6-19 a-b (Part Level Submission) Carla Vista Company reported the following information for November and December 2020. November December Cost of goods purchased $533,000 $ 614,000 Inventory, beginning-of-month 129,000 131,900 Inventory, end-of-month 131,900 ???? Sales revenue 855,000 1,000,000 Carla Vista's ending inventory at December 31 was destroyed in a fire. (a) |Your answer is correct. Compute the gross profit rate for November. (Round answer to 0 decimal places, e-g. 15%.) Gross profit rate 38 % Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT (b) x Your answer is incorrect. Try again. Using the gross profit rate for November, determine the estimated cost of inventory lost in the fire. (Round answer to 0 decimal places, e.g. 1,250.) Estimated cost of ending inventory 142,878 Click if you would like to Show Work for this question: Open Show Work

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