Data related to the inventories of Kimzey Medical Supply are presented below: In applying the lower of cost or market rule, the inventory of surgical supplies would be valued at: Multiple Choice $170. $190. $147. A company sells inventory that is subject to a great deal of price volatility. A recent item of inventory that cost $21.60 was marked up $13.00, marked down for a sale by $6.20 and then had a markdown canceliation of $3.90. The latest selling price is: Mutiphe Choles 53218 $38.50 $3230 52780