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

Skis Boots Apparel Supplies

Selling price $ $175,000$ $ $156,000$ $ $101,000$ $ $78,000$

Cost $135,000139,00070,70050,700$

Replacement cost $119,000113,00090,70046,700$

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:

Multiple Choice

$$47,700.$

$$70,200.$