Flint Company reported the following information for November and December 2020. Cost of goods purchased Inventory, beginning-of-month Inventory, end-of-month Sales revenue November $514,000 113,000 73,580 826,000 December $ 706,000 73,580 ? 931,000 Flint's ending inventory at December 31 was destroyed in a fire Your answer is incorrect. Compute the gross profit rate for November. (Round answer to O decimal places, es 15%) Gross profit rate % eTextbook and Media x Your answer is incorrect. Using the gross proht rate for November, determine the estimated cost of Inventory lost in the fire. (Round answer to decimal places, es, 1,250) Estimated cost of ending inventory $ eTextbook and Media Question 3 of 13