13 Data related to the inventories of Mountain Ski Equipment and Supplies is presented below: Skis 180,0 Boots 150,0 Selling price $ $ Apparel 120,0 Supplies 60.0 $ 00 00 00 00 128,0 133,0 90,00 48,0 Cost 00 00 0 00 Replacement 120,0 130,0 110,0 50,0 cost 00 00 00 00 Sales 10% 10% 10% 10% commission Normal gross 20% 20% 1596) 15% profit ratio In applying the lower of cost or market rule, the inventory of apparel would be valued at: O$115,000. O $110,000. $108,000. $90,000 QUESTION 14