Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales commission Skis $178,000 137,000 133,000 10% Boots $167,000 137,000 127,000 10% Apparel $113,000 79,100 99, 100 10% Supplies $76,000 49,400 45,400 10% In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at: Multiple Choice $160,200. $137,000. O $133,000. O $124,600