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*Problem 6-10A (Part Level Submission) Suzuki Company lost all of its inventory in a fire on December 26, 2015. The accounting records showed the following
*Problem 6-10A (Part Level Submission) Suzuki Company lost all of its inventory in a fire on December 26, 2015. The accounting records showed the following gross profit data for November and December December November (to 12/26) $701,600 35,200 421,600 14,900 9,400 9,700 $510,732 Net sales Beginning inventory 31,700 392,300 13,200 8,70D 8,700 35,200 Purchase returns nd allowances Purchase discounts Freight-in Ending inventory Suzuki is fully insured for fire losses but must prepare a report for the insurance company. Your answer is correct Compute the gross profit rate for November. (Round answer to 1 decimal place, e.g. 25.5%.) The gross profit rate for the month of November 1138.5 Attempts: 1 of 5 used Using the gross profit rate for November, determine the estimated cost of the inventory lost in the fire. (Round answer to 0 declmal places, e.g. 125.) Inventory lost in the fire in December Attempts: 0 of 5 used
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