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 $ 17,000 135,000 185,000 25% Marshmallow Toppings $ 6,700 33,000 52,000 35% Chocolate Toppings $ 2,700 11,700 19,700 35% LN 17 Required: 1. Calculate the estimated cost of each of the toppings lost in the fire. Estimated cost of lost inventory Toppings Fruit Marshmallow Chocolate