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

	Skis	Boots	Apparel	Supplies
Selling price(SP)	180,000	140,000	120,000	60,000
Cost	128,000	133,000	90,000	45,000
Replacement cost	120,000	130,000	110,000	41,000
Selling costs(% of SP)	10%	10%	10%	10%

In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at:

	a.	$140,000
	b.	$133,000
	c.	$126,000
	d.	$130,000