Question 21 Data related to the inventories of Co.MK are presented below: SE SS RE Selling price RS $ 260 $ 120 Cost $ 340 $ 165 170 90 250 162 Replacement cost 240 80 235 158 Costs to sell 30 5 25 10 Normal gross profit ratio 30% 30M 304 20% In applying the lower of cost or market rule, the inventory of RS would be valued at: $122 $158 $162 $155