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 $330 240 310 Surgical Supplies $190 160 150 19 40% Rehab Equipment $410 320 305 39 40% 58 40% In applying the lower of cost or market rule, the inventory of surgical supplies would be valued at: Multiple Choice $170. o $160. o $150. o o $131