Homework CH 9 and 10

Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales commission Skis $179,000 138,000 132,000 10% Boots $155,000 133,000 116,000 10% Apparel $119,000 77,350 97,350 10% Supplies $67,000 46,900 42,900 10% In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at: Multiple Choice $132,000. $125,300. O O $161,100. O $138.000