Data related to the inventories of Alpine Ski Equipment and Supplies is presented below. Selling price Cost Replacement cost Sales commission Skis $165,000 138,000 120,000 10% Boots $166,000 141,000 113,000 19% Apparel $114,000 74,100 94,100 10% Supplies $67,999 46,990 42,900 10% In applying the lower of cost or net realizable value rule, the inventory of supplies would be valued at: Multiple Choice $60.300. $42.900 $43.900 $46.900