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:

1. Calculate the estimated cost of each of the toppings lost in the fire.

Inventory, January 1, 2021 Net purchases through Nov. 17 Net sales through Nov. 17 Historical gross profit ratio Fruit Toppings $ 25,000 175,000 225,000 18% Marshmallow Toppings $ 7,500 41,000 60,000 25% Chocolate Toppings $ 3,500 12,500 20,500 30%