Data related to the inventories of Alpine Ski Equipment and Supplies ts presented below Skis Boots Selling price $164,000 $168,000 $114,000 $71000 137,000 138,000 79,800 110,000126,000 117000 Cost 49.700 Replacement cost 45,700 Sales commission 10% 10% 10% 10% In applying the lower of cost and net realizable value rule, the inventory of apparel would be valued at: Multiple Choice $117,000. $79,800 $106,860 $102,600. Prev 1