he Rebecca Company provided the following data for its December 31, 2020, 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, 2020, valued at lower of average cost or market? a.$62,951 b.$70,522 c.$67,374 d.$44,069

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