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: Inventory, January 1, 2021 Net purchases through Nov. 17 Net sales through Nov. 17 Historical gross profit ratio Fruit Toppings $ 23,eee 165,000 215,000 20% Marshmallow Toppings $ 7,300 39,000 58,089 Chocolate Toppings $ 3,300 12,300 20, 300 35% 30% Required: 1. Calculate the estimated cost of each of the toppings lost in the fire. Estimated cost of lost inventory Toppings Fruit Marshmallow Chocolate