Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales commission Skis $ 162,000 139,000 117,000 10% Boots $157,000 135,000 120,000 10% Apparel $111,000 72,150 92,150 10% Supplies $73,000 47,450 43,450 10% In applying the lower of cost or net realizable value rule, the inventory of supplies would be valued at