Data related to the inventories of Alpine Ski Equipment and Supplies is presented below:

	Skis				Boots				Apparel				Supplies
Selling price	$	179,000			$	162,000			$	109,000			$	73,000
Cost		128,000				138,000				70,850				51,100
Replacement cost		116,000				114,000				119,000				47,100
Sales commission		10	%			10	%			10	%			10	%

In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at:

Multiple Choice

• $98,100.

• $119,000.

• $70,850.

• $100,370.