Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Selling price $161,000 Boots $159,000 Apparel $107,000 Supplies $72,000 Cost 137,000 139,000 69,550 46,800 Replacement cost 131,000 120,000 89,550 42,800 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: