Question 41 2.5 pts The Rebecca Company provided the following data for its December 31 inventory maintained on the retail basis. At Cost At Retail Beginning inventory $165,000 $225.000 Purchases 275,000 446,000 Markups (net) 45.750 Markdowns (net) (32,000) Sales 575,000 What is the estimated inventory at December 31, 2016, valued at lower of average cost or market (also called the conventional retail method)? Round your answer to the nearest dollar. $67.373 $44.069 $62,951 $70,522