Exercise 6-19 (Part Level Submission) Novak Company reported the following information for November and December 2019. November December $ 694,000 Cost of goods purchased Inventory, beginning-of-month Inventory, end-of-month 94,040 $508,000 107,000 94,040 814,000 ? Sales revenue 972,000 Novak's ending inventory at December 31 was destroyed in a fire. (b) 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 LINK TO TEXT Attempts: 0 of 5 used