Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales commission Skis $167,000 129,000 113,000 10% Boots $152,000 138,000 120,000 10% Apparel $116,000 75,400 113,000 10% Supplies $78,000 54,600 50,600 10% In applying the lower of cost andnet realizable value rule, the inventory of apparel would be valued at: Multiple Choice $108,180 $113,000 $75,400. Multiple Choice $108,180 $113,000 $75,400. $104,400