Data Related To The Inventories Of Kimzey Medical Supply Are Presented Below: Surgical Surgical Rehab Rehab Equipment Supplies Equipment Supplies $ 285 $ 145 $ 365 $ 190 Selling Price Cost 195 115 275 187 Replacement Cost 265 105 260 183 Costs To Sell $ 40 $ 10 $ 30 $ 20 Normal Gross Profit Ratio 40% 40% 40% 40% 23 In Applying The Lower Of Cost Or Market

 

Data related to the inventories of Kimzey Medical Supply are presented below: Surgical Rehab Surgical Rehab Equipment Supplies Equipment Supplies Selling price $ 285 $ 145 $ 365 $ 190 Cost 195 115 275 187 Replacement cost 265 105 260 183 Costs to sell $ 40 $ 10 $ 30 $ 20 Normal gross profit 40% 40% 40% 40% ratio 23 In applying the lower of cost or market rule, the inventory of rehab equipment would be valued at: Select one: A. $195. B. $260. C. $245. D. $131.