Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales commission Skis $171,000 137,000 132,000 10% Boots $157,000 134,000 116,000 10% Apparel $104,000 72,800 92,800 10% Supplies $65,000 45,500 41,500 10% In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at: Multiple Choice $153,900. $132,000 O $111,150. $137,000