CALCULATOR FULL SCREEN Exercise 6-19 -b (Part Level Submission) Shereen Company reported the following information for November and December 2020. November December Cost of goods purchased $536,000 $ 610,000 Inventory, beginning-of-month 130,000 120,000 Inventory, end-of-month 120,000 7272 Sales revenue 840,000 1,000,000 Shereen's ending inventory at December 31 was destroyed in a fire. (6) Using the gross profit rate for November, determine the estimated cost of inventory lost in the fire. (Round answer to decimal places.. 1.250) Estimated cost of ending inventory $ Click if you would like to Show Work for this question: Doen Show Work LIR