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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

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 Toppings Marshmallow Toppings Chocolate Toppings

Inventory, January 1, 2018 $ 21,000 $ 7,100 $ 3,100

Net purchases through Nov. 17 155,000 37,000 12,100

Net sales through Nov. 17 205,000 56,000 20,100

Historical gross profit ratio 20 % 35 % 35 %

Calculate the estimated cost of each of the toppings lost in the fire. Fruit:

Marshmallow:

Chocalate:

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