Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales commission Skis $180,000 128,000 120,000 10% Boots $140,000 133,000 130,000 10% Apparel $120,000 90,000 110,000 10% Supplies $60,000 45,000 41,000 10% In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at: Multiple Choice $140,000 $133,000. $126,000. $130,000