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 $310 220 290 50 20% Surgical Supplies $170 140 130 15 20% Rehab Equipment $390 300 285 35 20% Rehab Supplies $215 212 208 30 30% In applying the lower of cost or market rule, the inventory of surgical equipment would be valued at: Multiple Choice $260. $290. O d $220. O $198