Smith Distributors, Inc., supplies ice cream shops with various toppings for making sundaes. On November 17, 2021, a fire resulted in the loss of all of the toppings stored in one section of the warehouse. The company must provide its insurance company with an estimate of the amount of inventory lost. The following information is available from the company's accounting records: Fruit Marshmallow Chocolate Toppings Toppings Toppings Inventory, January 1, 2021 $ 14,000 $ 6, 400 $ 2, 400 Net purchases through Nov. 17 120,000 30,000 11 , 400 Net sales through Nov. 17 170, 000 49,000 19 , 400 Historical gross profit ratio 30% 35% 358 Required: 1. Calculate the estimated cost of each of the toppings lost in the fire. Estimated cost of Toppings lost inventory Fruit Marshmallow Chocolate