Data related to the inventories of Minerva McGonagall's Quidditch Shoppe are presented below: Selling price Cost Replacement cost Costs to sell Normal gross profit ratio Surgical Surgical Equipment Supplies $355 $215 265 185 335 68 24 208 208 Rehab Equipment $ 435 345 330 44 208 Rehab Supplies $260 257 253 48 308 175 In applying the lower of cost or market rule, the inventory of surgical supplies would be valued at: Multiple Choice $195. $185. $175 $151