Selling price Cost Sales commission $180,000 128,000 10% Boots $150,000 140,000 10% Apparel $120,000 90,000 10% Supplies $60,000 55,000 10% In applying the Lower of Cost or NRV rule to individual products, compute the value of the inventory. In applying the Lower of Cost or NRV rule to the entire inventory, compute the value of the inventory