Data related to the inventories of Alpine Ski Equipment and Supplies is presented below. 9 Selling price Cost Replacement cost Sales comission Skis $169,00 135, eee 119,899 18% Boots $148,000 144,000 122,009 10% Apparel $199,000 70,850 90,850 10 Supplies $70,000 49,600 45,699 10% In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at: Multiple Choice 0 $122.000 $96.200 $144,000