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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:
November December (to Dec. 28)
Sales $674,000 $965,390
Sales Returns and Allowances 14,000 26,600
Purchases 441,190 621,660
Purchase returns and allowances 17,550 22,575
Freight in 6,860 12,300
Beginning inventory 34,050 39,405
Ending inventory 39,405 ?
Westor is fully insured for fire losses but must prepare a report for the insurance company.
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Calculate gross profit for the month of November.

Gross profit $

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Calculate the gross profit margin percentage for November. (Round gross profit margin to 1 decimal place, e.g. 52.7%.)

Gross profit margin $

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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 0 decimal places, e.g. 5,275.)

Inventory lost by Westor $

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