Exercise 6-19 (Part Level Submission) Novak Company reported the following information for November and December 2019. November December Cost of goods purchased $508,000 $ 694,000 Inventory, beginning-of-month 107,000 94,040 Inventory, end-of-month 94,040 ? Sales revenue 814,000 972,000 Novak's ending inventory at December 31 was destroyed in a fire. Compute the gross profit rate for November. (Round answer to 0 decimal places, e.g. 15%.) Gross profit rate 96 LINK TO TEXT