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 Marshma Toppings Toppings Toppings 45,000 12,900 20,900 Inventory, January 1, 2018 $ 29,000 $7,900 3,900 Net purchases through NoV.195, 17 Net sales through Nov. 17 Historical gross profit ratio 245,000 64,000 15% 25% % Required: 1. Calculate the estimated cost of each of the toppings lost in the fire. Estimated cost of Toppings Fruit Marshmallow Chocolate lost inventory