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

	Skis	Boots	Apparel	Supplies
Selling price	$168,000	$167,000	$116,000	$74,000
Cost	140,000	139,000	75,400	48,100
Replacement cost	116,000	130,000	95,400	44,100
Sales commission	10%	10%	10%	10%
Normal gross profit ratio	20%	25%	25%	25%

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

a)	$130,000.
b)	$108,550.
c)	$139,000.
d)	$150,300.