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. | | | |