Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Selling price Skis $177,000 Boots $150,000 Apparel Supplies $119,000 $77,000 Cost 147,000 137,000 83,300 50,050 Replacement cost 111,000 112,000 103,300 46,050 Sales commission 10% 10% 10% 10% In applying the lower of cost or net realizable value rule, the inventory of supplies would be valued at: