Exercise 6-19 a-b (Part Level Submission)

Shereen Company reported the following information for November and December 2020.

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

CALCULATOR PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Exercise 6-19 a-b (Part Level Submission) Shereen Company reported the following information for November and December 2020. November December Cost of goods purchased Inventory, beginning-of-month Inventory, end-of-month CHAPTER 6 Homework - F20 Question 05 Question 09 a-b Question 10 Question 24 Brief Exercise 6-01 Brief Exercise 6-08 Exercise 6-14 al-a3 (Part Level Submission) x Exercise 6-19 a-b (Part Level Submission) Problem 6-02A a, b1- b2, c (Part Level Submission)_(Video) Problem 6-03A a, b1- b2, c (Part Level Submission)_(Video) $536,000 130,000 120,000 840,000 $ 610,000 120,000 ???? Sales revenue 1,000,000 Shereen's ending inventory at December 31 was destroyed in a fire. (a) * Your answer is incorrect. Try again. Compute the gross profit rate for November. (Round answer to 0 decimal places, e.g. 15%.) Review Score Review Results by Study Objective Gross profit rate 4||% SHOW SOLUTION LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 3 of 3 used (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.) X Estimated cost of ending inventory 434000 LINK TO TEXT