PRINTER VERSION Exercise 6-19 a b (Part Level Submission) Sandhill Company reported the following information for November and December 2020. Cost of goods purchased Inventory, beginning-of-month Inventory, end-of-month Sales revenue November December $536,000 $ 603,000 138,000 141,420 141,420 ???? 859,000 1,000,000 Sandhill'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. 15%.) Gross profit rate 38% (b) X Your answer is incorrect. Try again. Using the gross profit rate for November, determine the estimated cost of inventory lost in the fire. (Round answer to 0 decimal pla e.g. 1,250.) Estimated cost of ending inventory 70,840