SKIS:

Selling price: 162,000 Cost: 130,000 Replacement Cost: 112,000 Sales Commission: 10%

BOOTS: Selling price: 153,000 Cost: 143,000 Replacement Cost: 111,000 Sales Commission: 10%

APPAREL Selling price: 120,000 Cost: 84,000 Replacement Cost: 117,000 Sales Commission: 10%

SUPPLIES: Selling price: 74,000 Cost: 48,100 Replacement Cost: 44,100 Sales Commission: 10%

In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at:

A: 108,000

B: 84,000

C: 113,100

D: 117,000