Selling price Cost Replacement cost Sales commission Skis $173,000 142,000 119,000 10% Boots $155,000 138,000 130,000 10% Apparel $117,000 81,900 113,000 10% Supplies $72,000 46,800 42,800 10% In applying the lower of cost and net realizable value rule, the inventory of apparel would be valued at: Multiple Choice $105,300 Next