Data related to the inventories of Kimzey Medical Supply are presented below Surgical Equipment 290 Surgical Supplies 150 Rehab Equipment 370 Rehab Supplies 195 200 Selling price Cost Replacement cost Costs to sell Normal gross profit ratio 120 280 192 270 110 265 188 42 11 31 22 30% 30% 30% 20% In applying the lower of cost or market rule , the inventory of surgical supplies would be valued at