Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales commission Skis $168,000 141,000 119,000 10% Boots $140,000 144,000 115,000 10% Apparel $115,000 80,500 100,500 10% Supplies $61,000 42,700 38,700 10% In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at: Multiple Choice $115,000. o $126,000. $144,000. $91,000. Data related to the inventories of Costco Medical Supply are presented below: Selling price Cost Costs to sell Surgical Equipment $261 152 19 Surgical Supplies $124 97 7 Rehab Equipment $348 259 29 Rehab Supplies $149 144 12 In applying the lower of cost or net realizable value rule, the inventory of surgical equipment would be valued at: Multiple Choice $174. O O $152. O O $224. O $242