Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales commission Skis $168,000 135,000 114,000 10% Boots $160,000 137,000 117,000 10% Apparel $102,000 66, 300 111,000 108 Supplies $78,000 50, 700 46,700 10% In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at: Multiple Choice O $93,960. $111,000. O $66,300. $91,800