Over the past 4 years the gross profit rate for Cullen Compary was 34%. Last week a fre destroyed al of Culern's irventory, Lockily, as the rocords for Cullen wure in a fircernof safi and indicated the following facte? Ven the inventory lacts. Estimate the cont of imentery that was lost in the fire. Over the past 4 years the gross profit rate for Cullen Company was 34%. Last week a fre destroyed all of Cullon's invoriory Lucklly al the resirds for Culien weie in a liepeou zat. and indicated the following facts Vew the inyentory tacts. Estirnate the cost of inventory that was lost in the fire. Inventory Facts