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Sunland Company reported the following information for November and December 2020. November December Cost of goods purchased$531,000$605,000Inventory, beginning-of-month128,000164,840Inventory, end-of-month164,840????Sales revenue852,0001,000,000 Sunland's ending inventory at December

Sunland Company reported the following information for November and December 2020.

November

December

Cost of goods purchased$531,000$605,000Inventory, beginning-of-month128,000164,840Inventory, end-of-month164,840????Sales revenue852,0001,000,000

Sunland's ending inventory at December 31 was destroyed in a fire.

Compute the gross profit rate for November.

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