Complete Problem 6-13 on page 453 and then match the correct answer to the question Choose. Choose... What was the gross profit ratio % for 2019? What is the estimated COGS for Jan 1 - March 10, 2020? What is the total cost of goods available for sale? What is the estimated ending inventory on March 10, 2020? What is the estimated inventory lost in the fire? 54% 46% $ 163,576 $192,024 $106,300 $486,500 $294,476 Finish attempt $ 188,176 er 6: Answers to Practice Questions hapter 6: Homework Quiz: Assigning Costs Periodic Jump to... 0.00 55.7 2. Prepare the appropriate entry, if any, for (a) and (b). Problem 6-13A Estimating ending inventory-gross profit method L06 CHECK FIGURE: $188,176 Quebec Traffic Company had a fire on March 10, 2020, that destroyed a major portion of its inventory. The salvaged accounting records contained the following information: $ 355,600 187.400 Sales, January 1 to March 10. Net merchandise purchased January 1 to March 10 Additional information was determined from the 2019 annual report: Income statement: Sales. Cost of goods sold Balance sheet: Merchandise inventory Quebec Traffic was able to salvage inventory with a cost of $106,300. $3,300,000 1.782.000 299,100 Required Determine the amount of inventory lost by Quebec Traffic as a result of the fire. Quebec Traffic has a December 31 year-end. Round the gross profit ratio to the nearest whole percentage point