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) Net sales $611,382 $699,700 Beginning inventory 31,400 36,500 Purchases 394,200 423,100 Purchase returns and allowances 13,200 14,800 Purchase discounts 8,600 9,300 Freight-in 8,700 9,700 Ending inventory 36,500 Suzuki is fully insured for fire losses but must prepare a report for the insurance company. (a) x Your answer is incorrect. Try again. 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 LINK TO TEXT part b: Using the gross profit rate for November, determine the estimated cost of the inventory lost in the fire