Oriole Company reported the following information for November and December 2022. November $538.000 129,000 December $ 608,000 160,000 Cost of goods purchased Inventory, beginning-of-month Inventory, end-of-month Sales revenue 160.000 ? 845,000 1,000,000 Oriole's ending inventory at December 31 was destroyed in a fire. (a) Compute the gross profit rate for November. Gross profit rate eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer (b) Using the gross profit rate for November, determine the estimated cost of inventory lost in the fire. Estimated cost of ending inventory $