Exercise 6-19 a-b (Part Level Submission) Oriole Company reported the following information for November and December 2020. November December $ 608,000 160,000 Cost of goods purchased Inventory, beginning-of-month Inventory, end-of-month Sales revenue $538,000 129,000 160,000 845,000 ???? 1,000,000 Oriole'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 40% 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) * 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.) X Estimated cost of ending inventory 368000 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT