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

Skis Boots Apparel Supplies

Selling price $ $180,000$ $ $140,000$ $ $120,000$ $ $60,000$

Cost $128,000133,00090,00045,000$

Replacement cost $120,000130,000110,00041,000$

Sales commission $10\%10\%10\%10\%$

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