Wildhorse Company reported the following information for November and December 2022. November December Cost of goods purchased $538,000 $ 603,000 Inventory, beginning-of-month 126,000 171,000 Inventory, end-of-month 171,000 ? Sales revenue 850,000 1,000,000 Wildhorse's ending inventory at December 31 was destroyed in a fire. (a) Compute the gross profit rate for November. Gross profit rate eTextbook and Media Save for Later % Attempts: 0 of 5 used Submit Answer