Data related to the inventories of Alpine Ski Equipment and Supplies is presented below. Selling price Cost Replacement cost Sales commission Skis $177,000 138,090 133,000 10% Boots $152,000 135,000 114,000 10 Apparel $183,000 72,180 92,100 103 Supplies $60,000 39,800 35,800 10 In applying the lower of cost or net realizable value rute the inventory or skis would be valued at Multiple Choice $115.050 $138.000