Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: 15 Skis $172,000 137,000 132,000 10% Selling price Cost Replacement cost Sales commission Boots $152,000 139,000 122,000 10% Apparel $114,000 79,800 99,800 10% Supplies $70,000 45,500 41,500 10% 2.5 points 8 02:17:56 In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at: Skipped Multiple Choice $154,800. O $111,800. O $132,000. Multiple Choice $154,800. $111,800. $132,000. $137,000