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Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $169,000 $163,000 $108,000 $72,000 Cost

Data related to the inventories of Alpine Ski Equipment and Supplies is presented below:

SkisBootsApparelSupplies
Selling price$169,000$163,000$108,000$72,000
Cost139,000141,00075,60046,800
Replacement cost130,000116,00095,60042,800
Sales commission10%10%10%10%
Normal gross profit ratio20%25%20%25%

In applying the LCM rule, the inventory of skis would be valued at:

a)$130,000.
b)$139,000.
c)$152,100.
d)$118,300.

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