Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 175,000 $ 150,000 $ 114,000 $ 63,000 Cost 138,000 137,000 74,100 40,950 Replacement cost 131,000 129,000 94,100 36,950 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at: