Data related to the inventories of Alpine Ski Equipment and Supplies is presented below. Selling price Cost Replacement cost Sales commission Skis $177,000 143,000 111,000 10% Boots $147,000 144,000 114,000 10% Apparel $116,000 81,200 101,200 10% Supplies $79,000 51,350 47,350 10% In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at Multiple Choice $144,000 ch O