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Find the inventory of supplies would be valued at

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Data related to the inventories of Alpine Ski Equipment and Supplies is presented below:

                                 Skis                           Boots                Apparel                  Supplies

Selling price          $165,000           $151,000           $103,000                   $75,000

Cost                  136,000                   134,000             72,100              48,750

Replacement cost  118,000                  128,000              92,100                 44,750

Sales commission        10%                  10%                       10%                    10%

Problem 1: In applying the lower of cost or net realizable value rule, the inventory of supplies would be valued at:

Reference no: EM132687874

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