Nash Pottery lost 70% of its inventory in a fire on March 25, 2020. The accounting...

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Nash Pottery lost 70% of its inventory in a fire on March 25, 2020. The accounting records showed the following gross profit data for February and March. Net sales Net purchases Freight-in Beginning inventory Ending inventory February €243,000 160,218 2,349 3,645 20,412 Nash is fully insured for fire losses but must prepare a report for the insurance company. March (to 3/25) €210,600 154,710 3,240 20,412 Compute the gross profit rate for the month of February. (Round answer to 2 decimal places, e.g. 25.16%.) The gross profit rate for the month of February eTextbook and Media Using the gross profit rate for February, determine both the estimated total inventory and inventory lost in the fire in March. (Round answers to 0 decimal places, e.g. 1,250.) The estimated total inventory Nash Pottery lost 70% of its inventory in a fire on March 25, 2020. The accounting records showed the following gross profit data for February and March. Net sales Net purchases Freight-in Beginning inventory Ending inventory February €243,000 160,218 2,349 3,645 20,412 Nash is fully insured for fire losses but must prepare a report for the insurance company. March (to 3/25) €210,600 154,710 3,240 20,412 Compute the gross profit rate for the month of February. (Round answer to 2 decimal places, e.g. 25.16%.) The gross profit rate for the month of February eTextbook and Media Using the gross profit rate for February, determine both the estimated total inventory and inventory lost in the fire in March. (Round answers to 0 decimal places, e.g. 1,250.) The estimated total inventory