Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales commission Skis $177,000 146,000 115,000 10% Boots $166,000 135,000 116,000 10% Apparel $101,000 70, 700 90, 700 10% Supplies $71,000 46, 150 42, 150 10% In applying the lower of cost or net realizable value rule, the inventory of supplies would be valued at: Multiple Choice Multiple Choice $63,900. $43,150 $46,150. $42,150. O