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Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales Commission Skis $166,000 142,000 116,000

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Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales Commission Skis $166,000 142,000 116,000 10% Boots $146,000 142,000 127,000 108 Apparel $114,000 79,800 99,800 10 Supplies $72,000 50,400 46,400 103 In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at: Multiple Choice Oo oo

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