Sunland Company reported the following information for November and December $2027.$

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

Compute the gross profit rate for November.

Gross profit rate

$\%$

eTextbook and Media $($b$)$

Using the gross profit rate for November, determine the estimated cost of inventory lost in the fire.

Estimated cost of ending inventory $

eTextbook and Media