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Question 2 of 5 3/6 View Policies Show Attempt History Current Attempt in Progress Concord Company lost all of its inventory in a fire on December 26, 2022. The accounting records showed the following gross profit data for November and December December (to 12/26) November Net sales $644,000 $695,000 32,600 36,200 395,500 425,000 5.300 15.100 Beginning inventory Purchases Purchase returns and allowances Purchase discounts Freight-in Ending inventory 8,200 8.200 8,000 9.900 36,200 Concord is fully insured for fire losses but must prepare a report for the insurance company, (a) Attempts: 4 of 5 used Question Part Score 3/3 (b) Your answer is incorrect. Using the gross proht rate for November, determine the estimated cost of the inventory lost in the fire. Estimated inventory lost fire $ e Textbook andledia Save for Later Attempts: 1 of 5 used Submit Answer Question Part Score na