Data related to the inventories of Alpine Ski Equipment and Supplies is presented below:

	Skis	Boots	Apparel	Supplies
Selling price	$169,000	$163,000	$108,000	$72,000
Cost	139,000	141,000	75,600	46,800
Replacement cost	130,000	116,000	95,600	42,800
Sales commission	10%	10%	10%	10%
Normal gross profit ratio	20%	25%	20%	25%

In applying the LCM rule, the inventory of skis would be valued at:

a)	$130,000.
b)	$139,000.
c)	$152,100.
d)	$118,300.