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

	Skis				Boots				Apparel				Supplies
Selling price	$	167,000			$	169,000			$	118,000			$	79,000
Cost		139,000				138,000				82,600				55,300
Replacement cost		120,000				122,000				116,000				51,300
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: