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

	skis	boots	apparel	supplies
selling price	180,000	140,000	120,000	60,000
cost	128,000	133,000	90,000	45,000
replacement cost	120,000	130,000	110,000	410,000
sales commission	10%	10%	10%	10%

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

$180,000.

$128,000.

$162,000.

$120,000.

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

$99,000

$110,000

$108,000

$90,000