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Smith Distributors, Inc., supplies ice cream shops with various toppings for making sundaes. On November 17, 2018, a fire resulted irn the loss of all of the toppings stored in one section of the warehouse. The company must provide its insurance company with an estimate of the amount of inventory lost. The following information is available from the company's accounting records: Toppings Toppings Inventory, January 1, 2018 Net purchases through Nov. 17 Net sales through Nov. 17 Ristorical gross profit ratio 6,6,600 32,000 Toppings $ 2,600 11,600 19,600 130,000 180,000 51,000 251 Required: 1. Calculate the estimated cost of each of the toppings lost in the fire. Estimated cost lost inventory