Data related to the inventories of Alpine Ski Equipment and Supplies is presented below. Selling price Cost Replacement cost Sales commission Skis $161,000 137,000 110,000 10% Boots $147,000 146,000 120,000 10% Apparel $110,000 77,000 97,000 10% Supplies $65,000 45,500 41,500 10% In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at: Multiple Choice $132.300. $146,000. $95,550. O $120,000