(4) Data related to the inventories of Mountain Ski Equipment and Supplies is presented below:

	Skis				Boots				Apparel				Supplies
Selling price	$	180,000			$	150,000			$	120,000			$	60,000
Cost		128,000				133,000				90,000				48,000
Replacement cost		120,000				130,000				110,000				50,000
Sales commission		10	%			10	%			10	%			10	%
Normal gross profit ratio		20	%			20	%			15	%			15	%

In applying the lower of cost or market rule, at what amount would the inventory of Supplies and Boots be valued?