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Smith Distributors, Inc., Supplies ice cream shops with various toppings for making sundaes. On November...

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Smith Distributors, Inc., Supplies ice cream shops with various toppings for making sundaes. On November 17, 2021, a fire resulted in 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 Inventory. January 1, 2021 Net purchases through Nov. 17 Net sales through Nov. 17 storical gross profit ratio Fruit Topping $ 17,000 135,000 185,000 255 Marshmallow Chocolate Toppingu Zopping $ 6,700 $ 2,700 33,000 11,700 52,000 19,700 35 35 Required: 1. Calculate the estimated cost of each of the toppings lost in the fire. Estimated cost of Sost inventory Toppinge Fruit Marshmallow Chocolate

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