Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Boots ApparelSupplies $180.000 $166,000 $118,000 $73,000 131000 135,000 82600 47,450 118,000 123,000 118,000 43,450 Skis Selling price Cost Replacement cost Sales commission 10% 10% 10% 10% In applying the lower of cost and net realizable value rule, the inventory of apparel would be valued at Multiple Choice $110,920 $118.000 1 Replacement cost Sales commission 118,000 123,000118,000 43,450 10% 10% 10% 10% In applying the lower of cost and net realizable value rule, the inventory of apparel would be valued at Multiple Choice $110,920. $118,000 $82.600 $106.200