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Southern Distributors, Incorporated, supplies ice cream shops with various toppings for making sundaes. On November 1 7 , 2 0 2 4 , a fire

Southern Distributors, Incorporated, supplies ice cream shops with various toppings for making sundaes. On November 17,2024, 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 1,2024 $ 28,000 $ 7,800 $ 3,800
Net purchases through November 17190,00044,00012,800
Net sales through November 17240,00063,00020,800
Historical gross profit ratio 15%25%30%
Required:
1. Calculate the estimated cost of each of the toppings lost in the fire.

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