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

Skis Boots Apparel Supplies

Selling price $176,000 $142,000 $102,000 $74,000

Cost 146,000 142,000 66,300 51,800

ReplaceCost 117,000 119,000 86,300 47,800

Sales commission10% 10% 10% 10%

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

Multiple Choice

• $119,000.
• $142,000.
• $127,800.
• $92,300.