LILI. uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Cost Beginning inventory Net purchases Net markups Net markdowns Net sales Retail $131,000 $222,00 440, eee 741, eee 66,000 28,000 704,699 To the nearest thousand, estimated ending inventory using the conventional retail method is: (Do not round intermediate calculations.) Multiple Choice $165.000 $176.000 $137,000 Data related to the inventories of Kimzey Medical Supply are presented below. Surgical Equipment $280 Selling price Cost Replacement cost Costs to sell Normal gross profit ratio 190 260 38 20% Surgical Supplies $140 110 100 9 20% Rehab Equipment $360 270 255 29 20% Rehab Supplies $185 182 178 18 3ex In applying the lower of cost or market rule, the inventory of rehab supplies would be valued at: Multiple Choice $167 O $112 $182