Pharoah Company reported the following information for November and December 2022.

		November		December
Cost of goods purchased		$538,000		$ 604,000
Inventory, beginning-of-month		123,000		149,200
Inventory, end-of-month		149,200		?
Sales revenue		853,000		1,000,000

Pharoahs ending inventory at December 31 was destroyed in a fire.

A) Compute the gross profit rate for November.

Gross profit rate

enter the gross profit rate in percentages

%

B.) Using the gross profit rate for November, determine the estimated cost of inventory lost in the fire.