Current Attempt in Progress Cullumber Company reported the following information for November and December 2022. November December Cost of goods purchased $537.000 $ 603.000 Inventory. beginning-of-month 130,000 118.520 Inventory, end-of-month 118,520 Sales revenue 857.000 1,000,000 Cullumber's ending inventory at December 31 was destroyed in a fire. (a) Your Answer Correct Answer (Used) * Your answer is incorrect. Compute the gross profit rate for November. Gross profit rate 38.68 % e Textbook and Media Assistance Used Solution Assistance Used Attempts: 5 of 5 used (b) Your answer is incorrect. Using the gross profit rate for November, determine the estimated cost of inventory lost in the fire. Estimated cost of ending inventory $ eTextbook and Media Assistance Used