Data related to the inventories of Kimzey Medical Supply are presented below: Surgical Surgical Equipment Supplies Rehab Equipment Selling price $310 $170 $390 Rehab Supplies $215 Cost 220 140 300 212 Replacement cost 290 130 285 208 Costs to sell 50 15 47 30 Normal gross profit ratio 208 20% 20% 30% In applying the lower of cost or market rule, the inventory of rehab equipment would be valued at: Multiple Choice $343. $295. $150. In applying the lower of cost or market rule, the inventory of rehab equipment would be Multiple Choice $343. $295. $150. O $285. Howard's Supply Co. suffered a fire loss on April 20, 2021. The company's last physical inventory was taken January 30, 2021, at which time the inventory totaled $240,000. Sales from January 30 to April 20 were $620,000 and purchases during that time were $470,000. Howard's consistently reports a 25% gross profit. The estimated inventory loss is: Multiple Choice $505,000. $233,000 $245,000 O None of these answer choices are correct