Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 162,000 $ 153,000 $ 120,000 $ 74,000 Cost 130,000 143,000 84,000 48,100 Replacement cost 112,000 111,000 117,000 44,100 Sales commission 10% 10% 10% 10% In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at:

$108,000.

$84,000.

$113,100.

$117,000.