Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel $108,000 75,600 95,600 Supplies Selling price $168,000 $159,000 $73,000 Cost 138,000 139,000 51,100 47,100 Replacement cost 132,000 122,000 Sales commission 108 108 108 108 In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at Multiple Choice $109,200 $151,200. $132,000. $138,000