Data related to the inventories of Kimzey Medical Supply are presented below: 40 2.5 points Selling price Cost Replacement cost Costs to sell Normal gross profit ratio Surgical Equipment $310 220 290 50 208 Surgical Supplies $ 170 140 130 15 20% Rehab Equipment $390 300 285 35 208 Rehab Supplies $215 212 208 30 30% 8 01:17:01 In applying the lower of cost or market rule, the inventory of surgical supplies would be valued at: Multiple Choice O $140. $130. O Multiple Choice $140. $130. $115. $150