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) $696,800 35,400 420,700 14,600 9,600 9,700 $596,440 31,000 385,600 13,000 8,600 9,000 35,400 Net sales Beginning inventory Purchases Purchase returns and 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, eg. 25.5%.) [T- 38.21% The gross profit rate for the month of November SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attem (b) Using the gross profit rate for November, determine the estimated cost of the inventory lost in the fire. (Round answer to o decimal places, e.g. 125.) Inventory lost in the fire in December