Smith Distributors, Inc., supplies ice cream shops with various toppings for making sundaes. On November 17, 2018, 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 Inven Net purchases through Nov. 17 Net sales through Nov. 17 Historical gross profit ratio 16,000 130,000 180,000 6,600 32,000 51,000 Toppings 2,600 11,600 19,600 tory, January 1, 2018 25% 35% 35% Required 1. Calculate the estimated cost of each of the toppings lost in the fire Estimated cost of Toppings Fruit Marshmallow Chocolate lost inventory