Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: 26 Selling price Cost Replacement cost Sales commission Skis $160,000 135,000 114,000 108 Boots $149,000 149,000 128,000 10% Apparel $113,000 79,100 99, 100 10% Supplies $61,000 39,650 35,650 10% 2.5 points 8 01:43:01 In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at: Skipped Multiple Choice O $128,000. $134,100 O O $149,000. Multiple Choice (0) $128,000. $134,100. $149,000. (0) $96,850