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need answer for part b ESOURCES arning aia2 obmission a-b (Part sion Exercise 6-19 a-b (Part Level Submission) Pharoah Company reported the following information for

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ESOURCES arning aia2 obmission a-b (Part sion Exercise 6-19 a-b (Part Level Submission) Pharoah Company reported the following information for November and December 2020. November December Cost of goods purchased $537,000 $ 609,000 Inventory, beginning-of-month 128,000 176,060 Inventory, end-of-month 176,060 7772 Sales revenue 843,000 1,000,000 by Study Pharoah's ending inventory at December 31 was destroyed in a fire. (a) Your answer is correct. Compute the gross profit rate for November (Round answer to 0 decimal places, e.g. 159.) Gross profit rate 42% 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) Using the gross profit rate for November, determine the estimated cost of inventory lost in the fire. (Round answer to o 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

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