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

	Skis				Boots				Apparel				Supplies
Selling price	$	169,000			$	169,000			$	118,000			$	60,000
Cost		137,000				140,000				76,700				42,000
Replacement cost		133,000				121,000				96,700				38,000
Sales commission		10	%			10	%			10	%			10	%

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