c.

Data related to the inventories of Ponce Medical Supply are presented below:

	Surgical				Surgical				Rehab						Rehab
	Equipment				Supplies				Equipment						Supplies
Selling price	$	260			$	120				$	340					$	165
Cost		170				90					250						162
Replacement cost		240				80					235						158
Costs to sell		30				5					25						10
Normal gross profit ratio		30	%			30	%				30	%					20	%

In applying the lower of cost or market rule, the inventory would be valued at for:

Surgical Equipment

Surgical Supplies

Rehab Equipment

Rehab Supplies