VEGGIE Data related to the inventories of Mountain Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales commission Normal gross profit ratio Skis $187,000 131,500 127,000 15% 25% Boots $157,000 136,500 130,700 15% 25% Apparel $127,000 93,500 117,000 15% 20% Supplies $67,000 51,500 57,200 10% 20% In applying the lower of cost or market rule, the inventory of supplies would be valued at: Multiple Choice DIE O 100 (hp) JOVLU Help Save Data related to the inventories of Alpine Ski Equipment and Supplies is presented below. Selling price Cost Replacement cost Sales commission Skis $163,000 132,000 112,000 10% Boots $156,000 135,000 114,000 10% Apparel $110,000 71,500 91,500 10% Supplies $72,000 50,400 46,400 10% In applying the lower of cost or net reatizable value rule, the inventory of supplies would be valued at: Multiple Choice o hp)