Exercise 6-19 a-b (Part Level Submission) Sandhill Company reported the following information for November and December 2020. November December Cost of goods purchased $536,000 $ 603,000 Inventory, beginning-of-month 138,000 141,420 Inventory, end-of-month 141,420 ???? Sales revenue 859,000 1,000,000 Sandhill's ending inventory at December 31 was destroyed in a fire. (a) Compute the gross profit rate for November. (Round answer to 0 decimal places, e.g. 15%.) Gross profit rate %