Whispering Winds Company reported the following information for November and December 2020. November December Cost of goods purchased $521,000 $720,000 Inventory, beginning of month 120,000 103.400 Inventory, end-of-month 103.400 Sales revenue 840,000 958.000 Whispering Winds's ending inventory at December 31 was destroyed in a fire. Compute the gross profit rate for November. (Round answer to 0 decimal places, eg. 15%) Gross profit rate Using the gross profit rate for November, determine the estimated cost of inventory lost in the fire. (Round answer to decimal places, eg. 1,250.) Estimated cost of ending inventory$ e Textbook and Media