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Westor Company lost all of its inventory in a fire on December 28, 2021. The accounting records showed the following gross profit data for November
Westor Company lost all of its inventory in a fire on December 28, 2021. The accounting records showed the following gross profit data for November and December: Sales Sales Returns and Allowances Purchases Purchase returns and allowances Freight in Beginning inventory Ending inventory November 5674,000 14,000 441,190 17,550 6.860 34,050 39,405 December (to Dec. 28) $965,390 26,600 621,660 22,575 12,300 39,405 Westor is fully insured for fire losses but must prepare a report for the insurance company. Calculate gross profit for the month of November. Gross profit $ Calculate the gross profit margin percentage for November. (Round gross profit margin to 1 decimal place, e.g. 52.7%.) Gross profit margins Determine the amount of inventory lost by Westor Company as a result of the fire using the gross profit method. (Round gross profit margin to 1 decimal place, e.g. 52.7% and final answer to o decimal places, e.g. 5,275.) Inventory lost by Westor
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