Data related to the inventories of Kimzey Medical Supply are presented below: Selling price Cost Replacement cost Costs to sell Normal gross profit ratio Surgical Equipment $295 205 275 44 20% Surgical Supplies $155 125 115 12 20% Rehab Equipment $375 285 270 32 20% Rehab Supplies $200 197 193 24 308 In applying the lower of cost or market rule, the inventory of surgical supplies would be valued at: Multiple Choice $115. Multiple Choice $115 $103 $135 0 $125. Rrnir 24 25 HE Mavi