Please do the new answer, some information had been change so it will not the same the question that already post. Thank you

*P6-10A Bao Company lost all of its inventory in a fire on December 26, 2017. The account- ing records showed the following gross profit data for November and December. Net sales Beginning inventory Purchases Purchase returns and allowances Purchase discounts Freight-in Ending inventory November $600,000 32,000 389,000 13,300 8,500 8,800 36,000 December (to 12/26) $700,000 36,000 420,000 14,900 9,500 9,900 ? Bao is fully insured for fire losses but must prepare a report for the insurance company. Instructions (a) Compute the gross profit rate for November. (b) Using the gross profit rate for November, determine the estimated cost of the inventory lost in the fire