Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $166,000 $161,000 $106,000 $72,000 Cost 128,000 138,000 68,900 46,800 Replacement cost 113,000 125,000 112,000 42,800 Sales commission 10% 10% 10% 10% In applying the lower of cost and net realizable value rule, the inventory of apparel would be valued at: Cost and Net Realizable Value Rule Assignment Multiple Choice $97,980. $112,000. $95,400. $68,900. Get Accounting homework help today