Vaughn Pottery lost 70% of its irventory in a fire on March 25,2020 , The accocunting records showed the following aross peofit data for February and March. Vaughin Is fully insured for fire losses but must prepare a report for the ingurance company Compute the gross profit rate for the month of February. (Round answer to 2 decimal ploces, es 25, 16\%) The gross profit rate for the month of February 36 Using the gross profit rate for February, determine both the estimated total inventory and inventory lost in the fire in March (Round answers to O decimel ploces, ea 1,250]. The estimated totalinventory? Inventory lost in the fire in March