ata related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 161,000 $ 143,000 $ 116,000 $ 60,000 Cost 134,000 149,000 75,400 42,000 Replacement cost 119,000 121,000 95,400 38,000 Sales commission 10% 10% 10% 10% In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at: Multiple Choice $121,000. $92,950. $128,700. $149,000