Data related to the inventories of Alpine Ski Equipment and Supplies is presented below. Selling price Cost Replacement cost Sales commission Skis $163,000 139,000 110,000 108 Boots $169,000 137,000 126,000 10% Apparel $116,000 8 1,200 101,200 10% Supplies $77,000 50,050 46,050 100 points (8 01:55 In applying the lower of cost or net realizable value rule, the inventory of supplies would be valued at Multiple Choice 0 $46,050. $69,300