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

	Skis	Boots	Apparel	Supplies
Selling price	$166,000	$158,000	$104,000	$73,000
Cost	136,000	140,000	67,600	51,100
Replacement cost	134,000	112,000	87,600	47,100
Sales commission	10%	10%	10%	10%

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

$134,000.

$149,400.

$107,900.

$136,000.