Data related to the inventories of Ponce Medical Supply are presented below:

	Surgical		Surgical		Rehab		Rehab
	Equipment		Supplies		Equipment		Supplies
Selling price	$	260			$	120			$	340			$	165
Cost		170				90				250				162
Replacement cost		240				80				235				158
Costs to sell		30				5				25				10
Normal gross profit ratio		30	%			30	%			30	%			20	%

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

1. Surgical Equipment

1. Surgical Supplies

1. Rehab Equipment

1. Rehab Supplies

Data related to the inventories of Ponce Medical Supply are presented below: Surgical Surgical Rehab Rehab Equipment Supplies Equipment Supplies Selling price $ 260 $ 120 $ 340 $ 165 Cost 170 90 250 162 Replacement cost 240 80 235 158 Costs to sell 30 5 25 10 Normal gross profit ratio 30% 30% 30% 20% In applying the lower of cost or market rule, the inventory would be valued at for: 1. Surgical Equipment 2. Surgical Supplies 3. Rehab Equipment 4. Rehab SuppliesData related to the inventories of Ponce Medical Supply are presented below: Surgical Surgical Rehab Rehab Equipment Supplies Equipment Supplies Selling price $ 260 $ 120 $ 340 $ 165 Cost 170 90 250 162 Replacement cost 240 80 235 158 Costs to sell 30 5 25 10 Normal gross profit ratio 30% 30% 30% 20% In applying the lower of cost or market rule, the inventory would be valued at for: 1. Surgical Equipment 2. Surgical Supplies 3. Rehab Equipment 4. Rehab Supplies