Exercise 6-19 a-b (Part Level Submission) Sunland Company reported the following information for November and December 2020. November December Cost of goods purchased $536,000 $ 609,000 Inventory, beginning-of-month 134,000 115,550 Inventory, end-of-month 115,550 ???? Sales revenue 853,000 1,000,000 Sunland'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 35% 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.) Estimated cost of ending inventory Click if you would like to Show Work for this question: Open Show Work