gross proft rate

Exercise 6-19 a-b (Part Level Submission) Cullumber Company reported the following information for November and December 20. November December Cost of goods purchased Inventory, beginning-of-month Inventory, end-of-month Sales revenue $537,000 130,000 118,520 857,000 $ 603,000 118,520 ???? 1,000,000 Cullumber's ending inventory at December 31 was destroyed in a fire. Your answer is correct. Compute the gross profit rate for November. (Round answer to 0 decimal places, e.g. Gross profit rate 36% 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) x Your answer is incorrect. Try again. Using the gross profit rate for November, determine the estimated cost of inventory lost in the search DI D P LINK TO TEXT LINK TO TEXT Attempts: 10 (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.) Estimated cost of ending inventory Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Attempts: 1 of 5 used I ere to search