Data related to the inventories of Alpine Ski Equipment and Supplies is presented below Selling price Cost Replacement cost Sales como ion Skis $175,000 136,000 133,000 105 Boots $153,000 136,000 121,000 10% Apparel $104,000 67,600 87,600 Supplies $75,000 52,500 48,500 10% 10% 55.45 In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at Multiple Choice $157,500 $113750