Data related to the inventories of Kimzey Medical Supply are presented below: Surgical Equipment Surgical Supplies Rehab Equipment Rehab Supplies

Selling price $ 280 $ 140 $ 360 $ 185

Cost 190 110 270 182

Replacement cost 260 100 255 178

Costs to sell 38 9 29 18

Normal gross profit ratio 20% 40% 20% 30%

In applying the lower of cost or market rule, the inventory of surgical supplies would be valued at:

$100.

$91.

$120.

$110.